The Intellectual Property Laws Amendment (Raising the Bar) Act 2012 (Cth) (new law) constitutes the most extensive changes to Australian patent law and procedure as of the last 20 years. It is the result of a series of law reform proposals arising from numerous reviews of the Australian patent system over the last 10 years.
While the intention of the law is to encourage investment in Australian R&D, the reforms to Australia’s IP system will impact on all users of the system, and all businesses conducting R&D in Australia.
The components of the new law that are most relevant to the Australian patent system have been contained in a series of schedules in the development of the Amendment Act as follows:
Many of the changes under schedules 1, 3 and 6 are technical and will involve complex interactions between the Amendment Act and regulations. The latter have not yet been drafted, and it is expected that significant consultation will be required for promulgation of regulations. This and the recognition that the legislation will impact on patent applications pending at the time of enactment of the new law has resulted in the changes under these schedules not coming into effect until 15 April 2013 (12 months after commencement).
The changes under Schedule 2 commenced on 15 April 2012.