The Australian Government is now operating in line with Caretaker Conventions, pending the outcome of the 2025 federal election.
The Patent box policies report reviews the literature on patent box policies and looks at the likely impacts of adopting a patent box in Australia.
A patent box is a policy tool that applies a lower rate of corporation tax to any profits made from patented intellectual property (IP) assets. A patent box regime targets the last stage of the innovation lifecycle, namely commercialisation. A number of countries have adopted patent box polices to attract mobile IP income and encourage innovation.
We received responses from:
- AusBioTech
- Cook Australia
- Medical Technology Association of Australia.