R&D Tax Credit passed

August 24, 2011

THE Australian pharmaceutical research community has welcomed the news that the Senate has passed legislation enabling the Research & Development Tax Credit. The Tax Credit will replace the former R&D Tax Concession, with the change estimated to reduce the cost of conducting eligible R&D activities in Australia by up to 10%. Lobby group AusBiotech said the move would make Australia a much more competitive location for biomedical and pharmaceutical R&D and clinical trials. “This is a momentous day for innovation in Australia and the most significant positive news that the industry has had for a number of years,” said the ceo of lobby group AusBiotech, Dr Anna Lavelle. The program will also provide quarterly payments from 2014.

The above article was sent to subscribers in Pharmacy Daily's issue from 24 Aug 11
To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 24 Aug 11

Other recent headlines

APC does away with CPD standards
Monday | Jun 30 2025
THE Australian Pharmacy Council (APC) has announced it will retire the Accreditation Standards for Continuing Professional Development Activities (CPD).

Vitamin B6 to become S3
Monday | Jun 30 2025
SUPPLEMENTS containing 50-200mg of vitamin B6 are proposed to be included in Schedule 3, the Therapeutic Goods Administration (TGA) has advised.

Falls prevention guidelines updated
Monday | Jun 30 2025
THE Australian Commission on Safety and Quality in Health Care has released new guidelines for falls prevention in older adults, highlighting the role of pharmacists in helping to prevent medication-related falls.

SEARCH PHARMACY DAILY

Featured video
MORE VIDEOS

Recent issues

PD for Mon 30 Jun 2025
PD for Fri 27 Jun 2025
PD for Thu 26 Jun 2025
PD for Wed 25 Jun 2025
PD for Tue 24 Jun 2025
SEE MORE ISSUES

INDUSTRY JOB VACANCIES

Pharmacist in Charge – SA
Pharmacist Manager – WA
Compounding Pharmacist – Melbourne
Pharmacist in Charge – QLD North
Pharmacist – Sydney North
SEE MORE JOBS

Pharmacy Daily is Australia's favourite online publication dedicated to the pharmacy industry. The publication launched in March 2007 and is distributed every day by email to pharmacists across the country.

PHARMACY DAILY NEWS
Headlines

Jobs

New Products

Events Calendar

FEEDS
News Items RSS feed

PD Issues RSS feed

All content RSS feed

Content & Media
Pharmacy Daily TV

OUR SITES
Sitemap

Travel Daily

Travel Bulletin

Cruise Weekly

Business Events News

Pharmacy Daily

ADVERTISE WITH US
Advertise in Pharmacy Daily

Privacy

ADMIN
Log in

SUBSCRIBE
Sign up for FREE

Subscription Information

"Water, air, and cleanness are the chief articles in my pharmacy." - Napoleon Bonaparte

Copyright © 2025 Pharmacy Daily

Subscribe to Pharmacy Daily now!

FREE Pharmacy Daily subscription - never miss another story!

Name*
First Last
Email*

Profession
Company

Address
City State / Province / Region ZIP / Postal Code Country

By submitting this form I hereby certify that I understand that Pharmacy Daily is a publication for health professionals.
Comments
This field is for validation purposes and should be left unchanged.

to top

Pharmacy Daily | R&D Tax Credit passed

R&D Tax Credit passed

Other recent headlines

APC does away with CPD standards

Vitamin B6 to become S3

Falls prevention guidelines updated

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES