As an outcome of COVID both the Federal and State Governments have become very pro-active in providing various new forms of tax incentives and grant programs as well as enhancing existing programs to stimulate and re-focus the economy.

These initiatives are generally driven by the strategic need to:

·        Prioritise industry sectors with a distinct global competitive advantage. 

·        identify and re-birth sectors in which we require a sovereign capability.   

·        address environmental issues dealing with climate change and renewable energy.    

·        stimulate job creation. 

·        provide assistance to fill a market gap.

It’s important to keep in mind that most of these news programs are not intended to last forever with many having a 4-year horizon or being subject to change at any time.