It's a pity we're not on the same cycle.
Found another article today, and yes, I know just how he's feeling. Snap!
http://www.nzherald.co.nz/business/n...ectid=10862454
Steven Joyce has all the answers though.
(1) Small businesses must have been rorting the R&D tax credits system XX No, it was audited
(2) Callaghan Innovation will be going soon.. XX At half staffing, maybe
(3) No sweat, we can give you a repayable loan instead of a part grant XX No incentive, try to match the grants for big business then?
This all points out that either Steven Joyce is very badly advised, or he's looking after No. 1 and his mates, the top 1%. I suspect the latter.