The Wolf of Wall Street, a movie that portrays the real-life astronomic rise and downfall of stock-broker Jordan Belford, shows the incredible power of financial motivators. Indeed, the equation is clear and simple for Jordan’s money-hungry, oversized-suit wearing employees to understand: work your butt off, crush your KPIs and you get to live the high life. In short, the story …
Changes to PCT Fees for Australian Filers
Australian filers of PCT applications are set to receive some more welcome financial relief as the Australian Patent Office (IP Australia) adjusted their fees for PCT-associated patent filings, effective from 1 May 2021. This follows a series of fee decreases over the last 8 months. International PCT Fees Fee Type Old Fee (AUD) New Fee (AUD) 1 Transmittal Fee $200 …
Innovation Patents’ Long Goodbye In Sight
Unlike Raymond Chandler’s 1953 novel “The Long Goodbye”, later adapted as a 1973 film starring Elliot Gould, the long goodbye from Australia’s innovation patent won’t be winning any literary awards. If the end of the innovation patent seems like it has been coming for a long time, that’s because it has. The Australian Government first directed that the now-defunct Advisory …
Key Results From the Australian Intellectual Property Report for 2020
2020 was a year like no other, but in the midst of it all, there was a great deal happening in the Australian intellectual property space, as shown by IP Australia’s Australian Intellectual Property Report for 2020. The report shows that trade mark applications in Australia soared whilst Australian standard patents dipped by 2%. The number of information and communication …
Australia’s 2021-22 Federal Budget – A Win for Medical and Biotech Companies
On Tuesday night Australian Treasurer Josh Frydenberg handed down the 2021-22 Federal Budget. That budget focused on what will be the Government’s core priorities for 2021-22. Amongst those priorities, specific focus was given to essential services, childcare, job creation, infrastructure, education and training, small business and the environment. Importantly, the budget also paves the way for Australia’s economic recovery following …
Are you WA’s Innovator of the Year 2021?
Applications for the 2021 Western Australia Innovator of the Year program are now open. New Industries WA has provided further information to applicants in the below video. This covers the program’s objectives, award categories and the application process. The evaluation process is also outlined to help you tailor your application to what the judges are looking for. Wrays is thrilled …
World-Class Innovation Shines a Light on Perth’s Thriving Biotech Industry
The City of Perth recently caught up with some of the leading professionals within the city’s Medical Life Sciences sector to create this short video. Here, we learn about the collaborative story of Dimerix – a client of Wrays’ and a shining example of how a biopharmaceutical company with origins in Perth can positively effect millions of people globally. We’re …
IP Australia’s COVID-19 Relief Measures to End Soon
In response to the COVID-19 pandemic, IP Australia created a mechanism for users of the Australian intellectual property system who had been adversely affected by the pandemic to apply for an extension of time with a simple online declaration and without paying any official fee, with the extension then effectively being granted automatically. This extension mechanism – called the “streamlined” …
Upcoming Changes in the .au Domain Space
12 April 2021 will see new rule changes in the Australian “.au” domain space, with potential to affect holders of existing com.au, net.au and org.au domain names, as well as eligibility to apply for new domain name registrations in this space. In addition, a new general .au domain is likely to be launched sometime later in 2021, with the launch …
IP in a Post-Brexit World
After years of negotiations and controversy, on 1 January 2021, the Brexit transition period finally ended, and the UK left the European Union. Below, we break down the new post-Brexit IP landscape (subject to legislative implementation). Attorney representation and address for services UK legal representatives can continue to represent their clients before the EUIPO in ongoing cases only. Clients with …