IP Australia has recently announced changes to the official fees payable for various IP matters following a cost recovery review in May this year.

The changes are proposed to take effect from 10 October 2016. Additionally, changes to the application and renewal fees of Madrid applications designating Australia are scheduled to apply from 28 October 2016.

Please click here to view the official update.

Noteworthy fee increases for patents include renewal fees from the 10th anniversary, with a $50 increase in the 10th to 14th anniversary range; a $130 increase in the 15th to 19th anniversary range; and a $250 increase in the 20th to 24th anniversary range.

For national trade marks, application fees will increase to $330 per class and renewal fees will increase to $400 per class. Whilst these fee increases are substantial, they will be offset by the removal of the $300 per class registration fee, lowering the overall cost of obtaining a national trade mark registration in Australia.