Tony Abbott Government will spend $400 million on tax breaks for start-up companies and innovation centres in a bid to kick-start the economy.

The announced withdrawal of Holden, Ford and Toyota from car making in Australia gave added momentum to the government to create new industries and jobs.

Businesses with a turnover of less than $50 million will be able to provide employee share options at a small discount that will not be subject to up-front tax, as long as the employee holds the shares or options for at least three years.

So long as the company not engage in development or innovation resluting in less Coal or no Coal being burnt in production of the product.