Innovation statement: what you need to know about Malcolm Turnbull's plan
The mining boom is so 2010; the ideas boom is where it's at. The slogan apparently played well in focus groups, so expect to hear more of it over coming weeks.
The spend: $1.1 billion over four years
It's cash being splashed everywhere you look, with no nasty cuts to be seen. At least not yet. Treasurer Scott Morrison can deal with the growing budget deficit later this month in the mid-year budget update.
Read the full story at The Sydney Morning Herald.