Not closed for renovation: Australian IP reform

Australia’s Intellectual Property Laws Amendment Bill 2012 has been dubbed the ‘Raising the Bar’ bill. Branding the bill in this way highlights what legislators hope it will achieve for intellectual property and innovation in Australia. The bill is aimed at raising IP standards in Australia and aligning them with those in other major IP markets, so that Australia can maintain high skilled and high paying jobs in a knowledge economy that innovation of all kinds can sustain.