Paul Fletcher MP

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From Startup Smart, 15/10/14 by Kye White http://www.startupsmart.com.au/leadership/atlassians-scott-farquhar-warns-youre-either-becoming-a-software-company-or-being-disrupted-by-one/2014101413415.html?utm_source=StartupSmart&utm_campaign=5c865e2505-SuS_Daily_15_10_2014&utm_medium=email&utm_term=0_354a773c4a-5c865e2505-153499097

Every company is a software company, or is becoming one, according to Atlassian co-founder Scott Farquhar.

Giving the 2014 JJC Bradfield Lecture in Sydney on Monday night, Farquhar compared software to the invention of electricity in terms of the impact it is having on society.

Wednesday, 15 October 2014 00:00

In the Media: Start-ups win on share options

From Technology Spectator, 15/10/14 by Supratim Adhikari http://www.businessspectator.com.au/article/2014/10/15/technology/start-ups-win-share-options

Australia’s start-up scene has just received a welcome dose of wish-fulfilment and after labouring long and hard to get changes made to the tax treatment of employee share options, the Coalition government has finally delivered the goods for tech-focused entrepreneurs.

It's no magic bullet, but it's a healthy step in the right direction, and, at the very least, expunges some of the deterrents set in place by the previous Labor government.

From Business Insider, 15/10/14 by Alex Heber http://www.businessinsider.com.au/the-tech-sector-could-get-a-boost-today-from-the-federal-governments-new-industry-investment-and-competitiveness-agenda-2014-10

The Federal Government will release its National Industry Investment and Competitiveness Agenda today and it’s expected to include changes to employee share schemes, something Australia’s tech sector has been calling for since the Labor government killed off the program in 2009.

From Computerworld, 15/10/14 by Adam Bender http://www.computerworld.com.au/article/557298/australian-startups-win-reform-abbott-competitiveness-agenda/

The Australian government will reform how employee share options are taxed to make it easier for startups to attract and retain talent, as part of a $400 million Industry Innovation and Competitiveness Agenda unveiled today by Prime Minister Tony Abbott.

The legislation will come into effect 1 July 2015, following consultations between the Treasurer and industry.

From Communicatiions Day, 15/10/14 by Richard van der Draay

Atlassian co-founder and CEO Scott Farquhar has called for Sydney to be turned into a tech startup hub, as well as for a greater general government focus on technological skills, particularly software, in the classroom. Parliamentary secretary to the Communications minister Paul Fletcher, hosting Farquhar’s JJC Bradfield Institute lecture in Sydney, expanded on the Commonwealth’s current direction in the startup space – and shortly afterwards, the government also announced the launch of a new innovation strategy.

From the Australian Financial Review, 15/10/14 by Paul Smith http://www.afr.com/p/technology/tech_entrepreneurs_see_future_value_CqQtuXq3uWjOV4eBh6TIjN

Australian technology entrepreneurs have said changes to the tax treatment of employee share options, greater investment in science skills and loosening of restrictions on using workers imported on 457 skilled migrant visas, would help level the playing field for startups trying to compete on the global stage.

Introduction

Welcome everyone, and thanks to Paul Fletcher for inviting me to speak today. I wanted to share that opening video because it highlights how software is changing 4 different industries – medicine, education, automotive and emergency services.

Today I will make the case that software will profoundly affect not just these 4 industries, but every area of our lives. I’ll argue that this presents both a threat to our current standard of living, but more importantly an opportunity for Australia. Finally, I’d like to make some suggestions for how the government can best prepare for this change.

Media

From the Sydney Morning Herald, 14/10/14 by Andrew Colley http://www.smh.com.au/it-pro/business-it/australian-technology-innovators-should-have-access-to-superannuation-funds-scott-farquhar-20141014-115p5c.html

Australian technology innovators should have access to superannuation funds: Scott Farquhar

"It is another disincentive to stay in Australia if you have a tech sector start-up.": Atlassian co-founder Scott Farquhar.

From ComputerWorld, by Adam Bender 14/10/14 http://www.computerworld.com.au/article/557248/atlassian-ceo-gets-why-startups-want-leave-australia/

Atlassian CEO on why startups want to leave Australia

"If we were starting Atlassian today, I think that Mike and I wouldn’t have stayed here,” says Scott Farquhar.

From BRW 14/10/14 by Jessica Sier: http://www.brw.com.au/p/entrepreneurs/atlassian_scott_farquhar_things_2WB9aS0aqvf6JfwAj3uRxH

Atlassian’s Scott Farquhar on share options and the ‘brain-dead’ things Australia does to start-ups

On the eve of the government announcing a reversal of the current employee share scheme system, leading technology entrepreneur and Atlassian co-founder has warned the current taxing of employee equity is forcing workers overseas.

Authorised by Paul Fletcher MP, Level 2, 280 Pacific Highway Lindfield NSW 2070.

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