Patent Box Consultation
Australia has the capacity to be a world leader in the development of new medical technologies. To achieve this, the sector will need to be supported by a patent box regime that is competitive on a global scale and has the potential to attract investment, to accelerate our commercialisation pipeline, and to retain the IP within Australia. In the Council’s view, the patent box design principles should extend beyond the scope of the medical and biotechnology and clean energy sectors to include industries where Australia has a comparative advantage in areas such as food technology, agtech, space and quantum computing and critical minerals processing.
Click here to view the submission.