Australia seeks 'ideas boom' with tax breaks, visa boosts
Australia will introduce an entrepreneur visa and offer tax breaks for start-ups, the government said on Monday as it tries to unleash an "ideas boom" to move the economy away from dependence on mining. Launching a signature Aus$1.1 billion (US$806 million) four-year innovation agenda, Prime Minister Malcolm Turnbull said Australia needed a "dynamic, 21st century economy" underpinned by creativity. Australia has enjoyed more than 20 years of economic growth, but an unprecedented mining investmen
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