In its Budget 2022-23, the Australian Government announced major expansions to the proposed ‘Patent Box’ scheme providing concessional tax treatment to eligible income for Australian corporate taxpayers. The Government will now expand the scheme to support innovations in the Australian agricultural sector, specifically: Corporate taxpayers who commercialise their eligible patents linked to agriculture and veterinary […]
Australian Design Law Update
In a major development for Australia commencing on 10th March 2022, publications or use of a design on or after 10th March 2022, will be protected by a 12-month grace period. This development will bring Australia into line with jurisdictions such as the United States of America and Europe and protects product designers against certain inadvertent […]
Methods of Medical Diagnosis are Patentable Inventions in Australia
Ariosa Diagnostics, Inc v Sequenom, Inc [2021] FCAFC 101[1] A recent Full Federal Court of Australia decision held that methods of medical diagnosis are clearly patentable subject matter in Australia. We previously reported the first instance decision of the Federal Court of Australia,[2] which on this issue, has been approved by the Full Federal Court […]
Australia: Introduction of Patent Box Tax Concessions for Australian Medical and Biotechnology Innovations
In a boost for Australian-based medical and biotechnology innovators, the Australian Government has announced the introduction of a ‘Patent Box’ scheme in its Budget 2021-2022. Whilst the Government will consult with industry before finalising the details of the Patent Box, features are expected to address the following: (a) With effect from 1 July 2022, a […]
The City of Light – Paris – September 2019
Australia and France share a close historical bond, and conduct substantial bilateral trade and investment. In 2017-18, goods imported into Australia from France were valued at AU$5.1 billion, with Australia’s exports to France valued at AU$1.6 billion.[1] Given the current negotiations for the EU-Australia Free Trade Agreement, the exchange of goods and services between the two countries […]
2019 Australian IP Update – Plant Breeder’s Rights
Commencing from 24th February 2019, changes to the Australian Plant Breeder’s Rights Act 1994 (Cth) (the “Act”) will significantly benefit international and local owners of new plant varieties. Key aspects of the changes are outlined below. Please contact us should you require assistance regarding plant breeder’s rights protection in Australia, in light of these changes. Essentially Derived Varieties An ‘essentially derived […]