Australian governments – federal, state and territory – support many types of investment in Australia. This includes industry-specific grants and programs to up-skill employees.
The Australian Government also provides tax incentives for research and development (R&D). Some investors may be eligible for additional support if they plan to export from Australia.
Austrade works in partnership with state and territory governments. Each of these provide their own assistance programs to businesses and investors. This enables us to co-ordinate assistance.
Individual state and territory governments:
The online Grant and Assistance Finder tool allows a business to search for government grants and assistance. This includes support for specific business activies, such as research.
Australian Government programs help businesses train existing staff and improve productivity.
The Australian Government provides incentives for commercial R&D, including Research and Development Tax Incentive.
The tax incentive program is jointly administered by AusIndustry (an Australian Government agency) and the Australian Taxation Office (ATO). Businesses must register R&D activities each year with AusIndustry before making a claim towards the tax offset with the ATO.
The Major Projects Facilitation Agency (MPFA) helps companies with official approvals for large, complex projects. The MPFA identifies assistance programs that could benefit large, strategically important projects.
The MPFA:
The MPFA is a facilitator. It helps co-ordinate official approvals processes. Where possible, it will try to ensure that state and territory approvals processes happen without duplication.
The MPFA can also help investors respond to specific obstacles. This includes policy issues raised during the approvals process or during project development. For example, the MPFA can forward issues to the relevant policy areas within the Australian Government.
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