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Patents  

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.