Federal Government Programs
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.