- From: The Australian
- February 23, 2013
THE head of the company behind the Hills Hoist says the Gillard government's industry policy will fail to foster innovation.
Yesterday Hills Holding chief executive Ted Pretty lampooned Labor's new policy, which removes R&D concessions and proposes new industry hubs.
"What we are going to end up doing is funding more government agencies studying more options about where to put more technology parks," Mr Pretty told the Australia-Israel Chamber of Commerce forum in Adelaide yesterday. "We are world's best practice at writing government reports on innovation."
The policy would not make "one iota" of difference to innovation but would burden business with additional costs.
Mr Pretty also criticised the policy for failing manufacturing.
"If you have a blast furnace or are in the auto industry you may enjoy some of the government's largesse," he said. "But the bulk of Australian manufacturers are left sweating out the downturn by themselves."
|Ted Pretty in the BRW last week.|
This definately shows that Mr. Pretty is totally in control of the future of Hills. He knows that very little of the current ALP money will float Hills way. The major benifactor of Tax money is being spent on Union controlled companies. BlueScope got the massive $100 million Reform payment, they get numerous R&D grants and have customs chasing any supplier who dare sources outside their supply chain. The carbon tax along with all the other nightmare regulations imposed by this government will all be removed shortly. Then business large and small can restart afresh.
Well done Mr. Pretty & Hills.