BIOTECH TAXATION REVIEW -

AusBiotech consulted over 100 of its industry members and biotechnology stakeholders over the past several months with the specific intention of determining taxation issues that are impeding the growth of the biotechnology sector in Australia. The purpose of the paper below is to highlight areas where Australian Taxation issues are inconsistent with supporting the growth of the Australian Biotechnology industry through the existence of a non-competitive financial environment compared to leading biotechnology countries. The resultant paper below outlines achievable and responsible solutions to enhance the Australian biotechnology industry's ability to compete, grow, and mature into a sustainable and competitive industry.