Northern-based LNP Senator Ian Macdonald has welcomed the Turnbull Government’s National Innovation and Science Agenda (NISA), saying it is a perfect complement to the commitments outlined in the Northern Australia White Paper.
Senator Macdonald said there were many opportunities in the NISA that could be leveraged to benefit the growth and development of Northern Australia.
“There are a range of new programs outlined in the $1 billion package that represent enormous potential for fast-tracking the development of the North,” Senator Macdonald said.
“From offering tax breaks for start-up ventures and greater incentives for business development and investment, we are setting the scene to facilitate the type of private investment that will drive and deliver the commitments outlined in the White Paper.”
Senator Macdonald also highlighted the importance of attracting and retaining the best and brightest minds to Australia.
“The Entrepreneur Visa will also expand our ability to attract the brightest minds, and changes to existing laws will help ensure we retain international students after they complete their studies in fields that complement our innovation agenda – science, technology, engineering, mathematics and related fields.
Another highlight of the NISA is the Rural R&D for Profit programme to fund research and development projects that focus on delivering cutting-edge technologies and making research outcomes accessible to primary producers.
“We know that in order to stimulate and grow our economy, we can’t keep doing the same things that we’ve done before and expect a different result.
“Innovation is the key to our future, and the NISA will help ensure we have the right economic environment and conditions needed to unlock the North’s potential.
“I commend the Turnbull Government on its innovation and foresight in setting this forward-looking agenda.”