…In the Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill 2017 the measures are, of course, part of the broader range of measures reflected in the government’s National Innovation and Science Agenda that the Prime Minister and the Minister for Industry, Innovation and Science announced in late 2015. The government’s agenda was developed in recognition of the great challenges and opportunities facing Australia in a world where the pace of change has, over just a handful of years, become technologically turbocharged. The Prime Minister and the minister both recognised that, to keep up with and continue to be competitive with the most innovative economies and societies in the world, we had to recognise the extent of the behavioural transformation that is currently underway, driven by technology, and scale up to it across the board. Promoting innovation and supporting risk-taking are key initiatives to deliver that competitiveness because both are proven pathways to success…’
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