28 July 2014Copyright

Australia seeks to clamp down on IP spending

The department responsible for IP in Australia is seeking ways to cut back on unnecessary expenditure as part of government plans to save AUD $1 billion ($940 million).

IP Australia said today (July 28) that it was looking at ways of “reducing the regulatory burden” within the IP system.

The initiative, it said, is part of the government's commitment to cut red and green tape each year.

Red and green tape refers to excessive regulation or conformity to rules that can be considered a hindrance to decision-making.

According to IP Australia, the government's regulation reform agenda involves a “rigorous” approach to policy making, with a default position of no new regulation, as well as an audit of existing regulations.

“The government’s rigorous approach to policy making seeks to ensure that regulation is never adopted as the default solution, but rather introduced as a means of last resort,” it said on the Cutting Red Tape website.

In addition, two parliamentary repeal days will be held each year.

In a statement, IP Australia said it was reviewing and seeking feedback on its role in the process.

“IP Australia is reviewing its regulations to find areas where we can cut red tape without compromising the integrity of the IP system,” the department announced on its website today.

“We will consult on our ideas as they are developed. However, we need your help to find more ways to cut red tape. Businesses and individuals deal with IP regulation every day. IP Australia wants to hear from you on ways to help reduce red tape in the IP system”.

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