Patent box a win for IP development, jobs: Cochlear and CSL Local biotechnology leaders Cochlear and CSL have both praised the patent box incentive, which their sector has lobbied for for a decade. The measure will see revenue from locally-created IP taxed at 17 per cent, rather than at the 30 per cent corporate tax…
Building products group CSR has boosted sales and profits across diverse construction markets, announcing full year ended March 31 net profit after tax up 17 per cent to $146.1 million. A slowdown in residential construction was more than made up through strong cost control and operational efficiency increases, with the company’s building products segment reporting…
University of Queensland spinout business Hypersonix has announced the results of new shock tunnel tests, showing their hydrogen-powered scramjet engine “can accelerate up to 10 times the speed of sound in real life flight conditions.”
By Peter Roberts Last year’s $1.4 billion Manufacturing Modernisation fund – that is a paltry few hundred million a year – is essentially the sum total of the federal government’s response to the question marks raised over the role of manufacturing by Covid-19 supply chain disruptions. There was almost nothing not previously announced, and only…
Industrial process technology company Calix and Pilbara Minerals have teamed up to develop a lithium chemicals refinery at Pilgangoora in Western Australia., The two companies have signed a memorandum of understanding for a scoping study for a lithium salt production facility using Calix technology at Pilbara’s existing spodumene concentrate facility. Following that the companies plan…
By Denham Sadler A limited patent box scheme will be launched by the federal government, offering tax breaks for medical and biotech innovations in an effort to boost commercialisation and retain IP in Australia. The federal budget, handed down by Treasurer Josh Frydenberg on Tuesday night, included the establishment of a patent box scheme targeted…
By Denham Sadler The federal government has said it will develop an onshore mRNA vaccine manufacturing capability in Australia, but the actual amount of funding allocated to the significant task has been kept secret. In the 2021-22 federal budget, unveiled by Treasurer Josh Frydenberg on Tuesday night, the government confirmed that the industry department would…
There are only a few days left to nominate for the 2021 Australian Good Design Awards, with entries closing on Friday May 14. The awards have been running since 1958, making them one of the longest-running international design awards, and are recognised by the World Design Organization (WDO) as Australia’s peak international design endorsement and…
ASX-listed composites business Quickstep has signed a non-binding MoU with Triumph Aviation Services Asia (TASA) covering Australasian aftermarket airline and other MRO customers. TASA and Quickstep’s Aerospace Services division (QAS) intend to form a “strategic alliance” with a broad scope including “services such as MRO, spares pooling and repair development for the aero structures market…
Brisbane medtech company Ellume has established a diagnostics manufacturing facility in Maryland in the United States, even as it ramps up production of its rapid Covid-19 test kits at its Richlands plant in Queensland. The company is rapidly increasing production to meet a $US230 million contract from the United States Department of Defense to make…
