On 29 January 2018, Australia's Department of Industry, Innovation, and Science published a plan on improving innovation in Australia, which covers several areas, including recommended improvement to Australia's Research and Development (R&D) Tax Incentive program. The recommended improvements include implementing the recommendations of the 2016 review of the program ({News-2016-09-30/P/2-previous coverage}), but with certain adjustments, which include:
- The introduction of a cap of AUD 4…