Treasurer, Josh Frydenberg last night announced the details of the latest budget. With this, he announced the launch of the Patent Box Scheme which will aim to provide tax concessions for companies to research and manufacture within Australia. The scheme will focus on innovation, particularly the development of onshore mRNA vaccine capability within Australia.
The budget announcement also focused on funding for digital health care, investing and enhancing the MyHealth Record digital platform. The aim is to provide better access to digital health information and enable reorganisation of activities such as clinical trials and improved patient support.
Read more on the Budget from the Minister for Industry at: