Schedule 4 Assisting the operations of the IP profession
PATENTS REGULATIONS 1991 & TRADE MARKS REGULATIONS 1995
Incorporation
The Intellectual Property Laws Amendment (Raising the Bar) Act allows attorneys to practice through a corporate structure. Companies will be able to be registered as incorporated patent attorneys or incorporated trade marks attorneys. This amendment will give attorneys more options as to how they structure their businesses and align these structures with those available to similar professions particularly the legal profession.
Incorporated attorneys will be required to maintain adequate and appropriate professional indemnity insurance as well as ensuring that the company has at least one registered patent attorney director for incorporated patent attorneys and at least one registered trade marks attorney director for incorporated trade marks attorneys.
Attorney charged with a serious offence
In relation to individual registered attorneys, there is a provision in the Regulations to permit the Designated Manager to suspend an attorney charged with a serious offence.
Last Updated: 30/1/2013