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Labor in fresh budget fight as Greens back biotech sector

The Australian Financial Review (AFR) •
October 29, 2026 • 07:55 AM
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The Greens want greater the government to further relax its R&D tax concessions limits which critics say are a threat to innovation.

Labor in fresh budget fight as Greens back biotech sector

The government faces a fresh fight over its budget, with the Greens demanding greater leniency for hi-tech ventures such as the biotech industry by extending the 15-year cap on the research and development tax rebate.

As the final raft of budget bills passed the House of Representatives on Thursday, the government remained locked in negotiations with the Greens on several fronts, including the planned changes to trusts. It hopes to pass the final budget bills through the Senate in the third week of November.

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