Atlassian co-founders Scott Farquhar and Mike Cannon-Brookes. Source: supplied.
Some of Australia’s highest profile tech entrepreneurs have written to the Australian Taxation Office to propose a collaborative workshop on the R&D Tax Incentive (RDTI) scheme as it applies to software research.
The letter, addressed to ATO Commissioner Chris Jordan, is co-signed by the likes of Atlassian co-founders Scott Farquhar and Mike Cannon-Brookes, and Canva co-founder Cliff Obrecht.
Other high-profile signatories include AirTasker founder Tim Fung, Brighte founder Katherine McConnell, Culture Amp founder Dider Elzinga and Deputy founder Ashik Ahmed, as well as StartupAus chief executive Alex McCauley.
In total, the 13 signatories represent 12 tech companies and organisations.
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Market leaders in Australia’s buy now, pay later sector are set to follow a new, self-regulatory code of practice from Monday.
Players like Afterpay and Zip will reportedly pledge to cap customer transactions at $2,000 and install limits on fees
But consumer advocates argue the sector should face stricter oversight from Australia’s financial sector watchdogs.
After years of consultation with financial watchdogs and concerned consumer groups, Australia’s booming buy now, pay later (BNPL) sector is a week away from unveiling its new code of practice – and key details of the self-regulatory framework have now been revealed.