Patent box policy still the answer – medtech sector

Medicines Australia has backed the introduction of patent box legislation, Treasury Laws Amendment (Tax Concession for Australian Medical Innovations) Bill 2022, in the Australian Parliament. In the 2021-22 Budget, the government announced that it would introduce a patent box regime for eligible corporate income associated with patented inventions in the medical and biotechnology sectors. The…

Lightweight armour development for the C-130J Hercules aircraft

Hawkesbury-based engineering consultancy Aerospace & Mechanical Consulting Engineers has been awarded a $2.13 million contract to further develop a unique lightweight armour for the C-130J Hercules airlifter aircraft. The federal government contract with Aerospace & Mechanical in partnership with NSW company Armor Composite Engineering, will use a cutting-edge amour solution to provide the aircraft which…