Greens secure further support for small companies in R&D bill
The Greens will support the government's research and development reforms because they increase support for small and medium sized businesses engaging in R&D, particularly after the Greens secured amendments to help the cash-flow of these companies which are the engine room of innovation in Australia.
The agreement to make quarterly cash payments to small and medium-sized companies, instead of annual tax credits, was reached after a lengthy consultation by the Greens with a broad range of industry representatives.