Prime Minister Malcolm Turnbull has received instant praise for his plan to release a national innovation plan by Christmas, but the backing comes with a range of demands.
The Australian Advanced Manufacturing Council wrote to Prime Minister Turnbull on Tuesday to ask that the plan include a Singapore-style 10% corporate tax rate for new commitments to advanced manufacturing and that "knowledge-rich" industries redirect 5% funding to the new growth centres and make research grants conditional on dissemination of resulting intellectual property.

Read more: http://www.afr.com/business/manufacturing/advanced-manufacturers-say-more-please-20151008-gk4hsc?stb=twt#ixzz3p54684m5