Applicants are required to maintain their IP rights by paying renewal/continuation fees. These fees generally are charged annually and maintain the right for a further one year. Processing of renewal/continuation fees and monitoring of the relevant deadlines can be a significant cost for IP rights holders.
Reducing the frequency with which renewal fees must be paid has the potential to save time and money for IP rights holders.
On hold 04-Sept-2017
IP Australia's fees were recently reviewed and revised, and are not due to be reviewed again until 2019-20. This issue may be considered in that future fee review.