28 March 2018

The Intellectual Property Laws Amendment (Productivity Commission Response Part 1 and Other Measures) Bill 2018 was introduced to the House of Representatives on 28 March 2018, and is currently before the Parliament for consideration.

The Bill seeks to give effect to aspects of the Government’s response to the Productivity Commission Inquiry into Australia’s IP arrangements, and to make a number of amendments to the Patents, Trade Marks, Designs, Plant Breeder’s Rights, Copyright, and Olympic Insignia Protection Acts to improve, streamline and modernise the administration of the Australian IP system. These changes will reduce delays for businesses and ensure that the IP Rights system continues to operate effectively.

The Government has decided to undertake further consultation targeted at better understanding the needs of innovative SMEs before the phase out of the innovation patent occurs.