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 […]
Additional Damages Awarded for Plant Breeder’s Rights (PBR) Infringement in Australia
On 24th February 2019, changes were made to the Australian Plant Breeder’s Rights Act 1994 (Cth) (the “Act”) including the introduction of additional damages for PBR infringement (see our article here). In a positive development for international and local owners of new plant varieties, additional damages have now been awarded by the Federal Court of […]
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 […]