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…