Election brings fresh Lot 14 development

The imminent South Australian state election has flushed out another government-backed project with the announcement of a $400 million Entrepreneur and Innovation Centre (EIC) for the Lot Fourteen precinct on North Terrace, Adelaide. The EIC ‘will set the global pace for multidisciplinary innovation, collaboration and entrepreneurship and is specifically designed to suit the secure environment…

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…

Frigate project rigged for smoother sailing

By Peter Roberts The $45 billion Hunter Class frigate programme has reached a milestone in its development with the completion of a year-long System Definition Review (SDR) which studied how the special requirements of Australia’s defence department can be fitted into the ship’s baseline design. This review is crucial as the inclusion of the Aegis…

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…

Nova Systems opens space ground station

Defence engineering and technology group Nova Systems has inaugurated its Space Precinct in mid-north South Australia and announced a new collaboration agreement with European space company Leaf Space. The 21-hectare site outside the former railway town of Peterborough supports several international space and technology companies and the Australian Space Agency with data download needs for…