Labor’s signature $15 billion National Reconstruction Fund will be forced to reassess investments after warnings that the Albanese government’s overhaul of research and development tax incentives would rip millions of dollars from some start-ups.
At least 18 of the NRF’s 35 investments claimed a combined $135 million in eligible R & D expenditure in 2023-24, a figure that was likely to have increased over the past two years. A further seven companies the NRF indirectly invested in claimed a further $30 million.
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