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Treasury undertakes review of venture capital tax breaks

Treasury undertakes review of venture capital tax breaks
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Bragg committee to probe major bank 'debanking' of fintech start-ups


Bragg committee to probe major bank ‘debanking’ of fintech start-ups
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A Senate committee examining financial technology policy will investigate whether major banks are obstructing access to the real-time payments system, during the final leg of an inquiry that will also formulate a policy around digital assets.
Liberal senator Andrew Bragg said “debanking” is a “major concern” for fintech start-ups seeking access to the New Payments Platform, which the banks built under guidance from the Reserve Bank of Australia.
Andrew Bragg: “The policy issues which are driving instances of debanking are for Canberra to solve.” 
Dominic Lorrimer
As it relates to “access to payment infrastructure, we cannot have these entities being effectively shadow banned by financial institutions merely because they pose a competitive threat,” he said in a speech on Wednesday night. ....

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Digital economy plan will put venture capital tax concessions under review


May 7, 2021
The government’s $1.2 billion digital economy plan could bring in changes to tax concessions for venture capital firms in Australia, with key schemes set to be reviewed.
The plans are included in measures to incentivise investment in digital technologies, which also include tax offsets for the video games industry and depreciation allowances for intangible assets.
They will include assessments to tax incentive schemes for venture capital firms, which are designed to attract foreign investment and encourage investment in early-stage startups.
The Australian venture capital sector is supported by two key tax incentives the Venture Capital Limited Partnership (VCLP) and Early Stage Limited Partnership (ESVCLP) schemes. ....

Yesser El Ansary , Venture Capital Limited Partnership , Early Stage Limited Partnership , Australian Investment Council , துணிகர மூலதனம் வரையறுக்கப்பட்டவை கூட்டு , ஆஸ்திரேலிய முதலீடு சபை ,