The competition watchdog will have the power to fine tech companies $50m for uncompetitive conduct. Follow today’s news liveGet our breaking news email, free app or daily news podcastA year-long review of Australia’s research and development investment will soon be underway in an effort to boost the country’s scientific output and manufacturing self-sufficiency.The science minister, Ed Husic, announced on Monday the review will inquire into the value of existing investments and ties between research and industry in order for Australia to boost its value and drive productivity.Our ideas and intellectual property are an indicator of future economic success. This review is designed to give us an evidence-based pathway to stronger growth. We said after the pandemic we would boost our manufacturing self-sufficiency. That is a big challenge, but Australian know-how can help us do things smarter and sharpening our edge against international competition.This framework will lead to more choice, lower prices and fairer outcomes for consumers. And it will level the playing field for small businesses and give them a chance to compete with good, innovative ideas. Continue reading…
Source link : https://www.theguardian.com/australia-news/live/2024/dec/02/australia-news-politics-live-apple-google-app-stores-payment-labor-manufacturing-defence-cyber-monday-sydney-storm-weather
Author : Jordyn Beazley
Publish date : 2024-12-01 20:34:42
Copyright for syndicated content belongs to the linked Source.
Australia news live: Apple and Google app stores to be forced to play fair on search and payment; Labor announces R&D review
