IP Australia seeks consultation on Intellectual Property Laws Amendment Bill 2014

IP Australia is seeking public comments on draft legislation to amend the Patents Act 1990, Trade Marks Act 1995, Designs Act 2003, and the Plant Breeder’s Rights Act 1994. Amongst other matters, the draft legislation is proposed to:

  • implement the TRIPS Protocol to enable Australian medicine producers to manufacture and export patented pharmaceuticals to countries experiencing health crises, under a compulsory license from the Federal Court
  • extend the jurisdiction of the former Federal Magistrates Court, the Federal Circuit Court, to include plant breeder’s rights matters
  • allow for a single trans-Tasman patent attorney regime and single patent application and examination processes for Australia and New Zealand, as part of the broader Single Economic Market (SEM) agenda

IP Australia invites interested parties to make written submissions on the draft IP Laws Amendment Bill 2014 and explanatory memorandum by 7 February 2014.

Registering IP on the Personal Property Securities Register (PPSR)

Some readers may not have realised that, as of 31 January 2014, if a security interest over personal property (i.e. all forms of IP) is not registered on the Personal Property Securities Register (PPSR) then that security interest will lose priority to all security interests that are registered on the PPSR even if those registered security interests were registered after the unregistered interest.

More information can be found here.