CSL is one of Australia’s greatest business and technical success stories and its shares have provided one of the best returns on the ASX among listed companies over the past decade. CSL has also been a very strong advocate of the R&D Tax Incentive and lobbied for maintenance of a strong and stable incentive to encourage local investment in R&D. A recent article in the Australian Financial review has detailed the process around receipt of US regulatory approval for the […]
Cybersecurity has been a major focus for Government, industry, and even everyday Australians given the recent high profile breaches. Cyber Security Minister Clare O’Neil recently announced a new cyber task force, calling privacy laws a ‘national vulnerability’. She also said the Federal Government is considering making it illegal to pay ransoms, stating that Australian businesses shouldn’t fuel the ransomware business model. Additionally, a Senate committee reviewing the Privacy Act has recommended that proposed data breach penalty laws go ahead. The committee tabled […]
Last decade, there were a number of R&D Tax Disputes heard by the courts with the majority of decisions seeming to find in favour of the regulators that claims (most of which were large) were not eligible. The original Federal Court decision in 2019 regarding Moreton Resources Ltd and Industry Innovation and Science Australia was big news at the time, since it represented one of the few matters where a decision was ruled even partially in favour of a taxpayer. […]
The previous Coalition Federal Government had first announced that it planned to introduce a patent box tax incentive for eligible income associated with new patents in the medical and biotechnology sectors in the May 2021 federal budget.  The legislation to enact this was introduced to the lower house in February 2022 (with a proposed start date of July 2022), but was not passed as law before the federal election.  There is now a new Labor Government following the federal election and in […]