Australian Federal Government excludes betting companies from research and development project

The sector is alarmed by the Federal Government's recent decision to bar wagering companies from participating in the Research and Development Tax Incentive program. Opponents contend that the action could drive opportunities elsewhere and hurt innovation, investment, and job growth in Australia. The goal of the Research and Development Tax Incentive is to incentivise industries to engage in Research and Development projects that increase productivity and competitiveness.
 
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