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November, 2022

InnovationAus 2022 Awards for Excellence – Cybersecurity Winners

November 28th, 2022

Cybersecurity has been a major focus for Government, industry, and even everyday Australians given the recent high profile breaches. Cyber Security Minister Clare O’Neil recently announced a new cyber task force, calling privacy laws a ‘national vulnerability’. She also said the Federal Government is considering making it illegal to pay ransoms, stating that Australian businesses shouldn’t fuel the ransomware business model. Additionally, a Senate committee reviewing the Privacy Act has recommended that proposed data breach penalty laws go ahead. The committee tabled […]

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Updated AAT Decision (Moreton Resources Ltd V IISA) Finds Some Disputed Activities Were R&D Activities

November 25th, 2022

Last decade, there were a number of R&D Tax Disputes heard by the courts with the majority of decisions seeming to find in favour of the regulators that claims (most of which were large) were not eligible. The original Federal Court decision in 2019 regarding Moreton Resources Ltd and Industry Innovation and Science Australia was big news at the time, since it represented one of the few matters where a decision was ruled even partially in favour of a taxpayer. […]

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Australian Patent Box Tax Incentive Appears Not to be Proceeding

November 16th, 2022

The previous Coalition Federal Government had first announced that it planned to introduce a patent box tax incentive for eligible income associated with new patents in the medical and biotechnology sectors in the May 2021 federal budget.   The legislation to enact this was introduced to the lower house in February 2022 (with a proposed start date of July 2022), but was not passed as law before the federal election.   There is now a new Labor Government following the federal election and in […]

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New AAT Case Finds in Favour of Applicant Reinstatement of Review

November 9th, 2022

A recent AAT decision handed down in November 2022 (Active Sports Management Pty Ltd and Industry Innovation and Science Australia) has allowed a company seeking review of an AusIndustry decision to be reinstated, on the grounds that the review was dismissed in error. The AAT found that while the company did not comply with certain directions from the Tribunal, they had made an effort in obtaining expert evidence and preparing submissions in support of its case. We understand that this […]

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