CANBERRA, ACT, Sept. 11 -- The Treasurer of Australia issued the following media release:
The Albanese Government is releasing draft legislation to implement business tax incentives that support innovation and investment and other details of our ambitious tax reform package.
This is all about supporting small businesses and start‑ups, including in the biotechnology and medical technology sectors.
These reforms will deliver more innovation, encourage more entrepreneurship and deliver certainty for investors.
Arrangements for innovative start‑ups
The draft legislation includes the implementation details for the Innovative Business CGT Concession (IBCC) announced in June following a first round of stakeholder consultation afte...