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 […]
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 […]