Government Discussion Paper and Consultation on Patent Box for Medical and Biotechnology Sectors

In the May federal budget, the Australian Government announced that it will introduce a patent box for eligible income associated with new patents in the medical and biotechnology sectors. The patent box will apply to companies for income years commencing […]

Board of Taxation Review to Evaluate the Dual-Agency Administration Model for the Research and Development Tax Incentive

Australia’s R&D tax incentive program is dually administered by two government agencies: AusIndustry (on behalf of Industry Innovation and Science Australia): registers R&D activities disclosed in applications lodged with the agency. AusIndustry has authority to make findings on eligibility of […]