AT1 FY21 - General Discussion + FA, page-1343

hiya, AFR has an informative article about the biotech patent box tax reduction scheme. It also has useful global comparisons on how much lower other countries tax their IP boxes.

https://www.a*fr.com/technology/tax-breaks-tipped-to-trigger-innovation-boom-20210512-p57r3q (remove the *)

It highlights that the discount seems to apply from next FY and only for patents already granted?...not future or in progress apps?

Bit shortsighted I reckon, from PoV of retaining IP and downstream economic benefits in country, by not making this a permanent long term measure.