Hearing implant maker Cochlear could shift its research and development out of Australia because of cuts to tax incentives.
Chairman Rick Holliday-Smith says Cochlear, which in August reported a record full-year profit of $189 million, has until recently received an annual benefit of about $10 million under the research and development tax incentive.
Holliday-Smith said that Cochlear spent $143 million, or 12 per cent of its sales revenue, a year on R&D.
Swinburne to open advanced manufacturing research centre in Shandong
Swinburne University of Technology have announced an advanced manufacturing centre, to launch early next year.
A statement from Swinburne said the joint research centre at WZ’s technological park would focus on the areas of automation and mechatronics, 3D printing, biomedical devices and medical manufacturing, electronics manufacturing, and advanced materials.
Kennards Hire has announced the appointment of Angus Kennard as its new CEO, effective 24 October 2016.
Kennard has been a key member of the Kennards Hire board and leadership team since 2005, and recently celebrated 20 years directly involved with the company.
“Angus was chosen in a robust and thorough selection process,” says Kennards Hire Chairman Brendan Fleiter. “He is ideally suited to grow and develop the business while ensuring it remains true to the cultural values that have made it successful.”