Australian government proposes "tough new standards" for Innovation Patents

27 September 2012

Australia’s federal government said in media release this week that it is "considering tough new standards for Innovation Patents in order to discourage large companies from abusing the IP system."

Parliamentary Secretary for Industry and Innovation Mark Dreyfus made the announcement which said that, at present, innovation patents protect simple inventions and improvements to existing technologies. “They also require an innovative step, whereas standard patents require an inventive step,” he pointed out.

Innovation patents were introduced in 2001 to encourage intellectual property (IP) protection for small to medium enterprises. Since the Delnorth (2009) decision in the Federal Court, relatively obvious minor improvements to inventions have been patentable.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK





Today's issue

Company Spotlight





More Features in Biotechnology