On 10 February 2022, the Treasury Laws Amendment (Tax Concession for Australian Medical Innovations) Bill 2022 was introduced to Parliament. More widely known as the Patent Box scheme, this bill is designed to encourage the commercialisation of Australian biotechnology and medical inventions. The 2022-23 Budget has now also made certain...
Patent Box Policy: Federal Budget
The 2021-22 Federal Budget announcements could have significant implications for patent owners and the commercialisation of your invention.