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March, 2018

QLD Company fined over $4 million due to incorrect R&D tax claims

March 26th, 2018

Advisors and Business owners are being warned! A Queensland business has been fined over $4 million for encouraging clients to lodge overstated or ineligible R&D tax incentive claims. On Tuesday 20 March the Australian Taxation Office confirmed the fine had been secured in the Federal Court against a company and its director for breaching promoter penalty laws relating to financial services. The company has allegedly been involved in 10 schemes leading to eight business clients receiving more than $3 million […]

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ISA releases plan for Australia to thrive in global innovation race

January 30th, 2018

As Australia celebrates 26 years of continuous economic growth, Innovation and Science Australia (ISA) releases their plan for Australia to further thrive in the global innovation race. ISA has released their report titled “Australia 2030: Prosperity through Innovation,” which provides a roadmap for governments to accelerate Australia’s innovation system by 2030. The report is a strategic plan to advise policy makers on how to accelerate innovation and optimise Australia’s innovation system. In planning towards 2030, innovation will continue to be […]

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Researchers deploy unmanned Sail Drones as an Australian first science mission

January 25th, 2018

Researchers from CSIRO are beginning an Australian first science mission to deploy ocean surface unmanned Sail Drones to sail the world. Typical research vessel ships cost tens of thousands of dollars per day to operate and require several on-board staff and researchers to operate equipment and collect data. However sail drones are unoccupied sail crafts controlled remotely from smart devices and rely on solar to charge their batteries and wind to sail. Additionally, sail drones are not weather dependent like […]

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Innovative technology allowing bikes to communicate with cars

January 12th, 2018

The innovative communication company, Trek and Tome are working on an AI-based bicycle-to-vehicle (B2V) communication system which will allow bicycle riders the ability to detect when a vehicle is close by or approaching. A further component to developing this innovative product is to include Cellular Vehicle-to-Everything technology (C-V2X), which would let vehicles communicate with other vehicles. This technology could work by building C-V2X into bike electronics, such as the lights and building a mobile phone app for cyclists. Currently Garmin […]

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