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Tech Council Slams Coalition's $15B Fund Cut Plan

5/2/2025

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Summary

Story summary

The Tech Council of Australia opposes the Coalition's plan to eliminate the $15 billion National Reconstruction Fund.
The Coalition intends to reallocate funds towards nuclear energy and regional infrastructure projects.
The TCA warns that these cuts could negatively impact Australia's innovation and technology sectors.
The Coalition suggests a tax offset for startups and raising venture capital limits.
Current trends could result in a $167 billion productivity loss by 2035.

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Story summary

The Tech Council of Australia opposes the Coalition's plan to eliminate the $15 billion National Reconstruction Fund.
The Coalition intends to reallocate funds towards nuclear energy and regional infrastructure projects.
The TCA warns that these cuts could negatively impact Australia's innovation and technology sectors.
The Coalition suggests a tax offset for startups and raising venture capital limits.
Current trends could result in a $167 billion productivity loss by 2035.