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Some Australian inventions are absolutely legendary. In many cases, they have
generated millions of dollars for their owners. The protection provided through
our patent system has had a big part to play in this success.
It encourages Australians to continue their research, to develop new and innovative
products, exploit new technology and promotes the transfer of technology to
Australia.
And let's not forget the incentive it gives our trading partners to provide
similar rights and thereby protect our exports in markets overseas.
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