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Yolanda Redrup

Australian businesses should give employees targets to come up with new business ideas, or they could fall behind global counterparts, according to Deloitte Australia consulting managing partner Robert Hillard and tax partner Serg Duchini.

The Deloitte partners also believe that the country's biggest firms need to start filing more patents in their non-core areas, as part of developing an ideas culture that would see them spinning out more start-ups.