Intellectual Property update: IP Australia seeks input on abolition of Innovation Patent System On 5 August 2015, IP Australia released a consultation paper seeking written submissions in relation to a recommendation by the Advisory Council on Intellectual Property (ACIP) in June 2014 to abolish the Innovation Patent System. In ACIP’s 2014 report, the following reform options were canvassed: raising the level of inventiveness above the level of “innovative step”. excluding methods and processes from the subject matter available for innovation patents. requiring applicants to request examination within three years and only permit the term “patent” to be used after the application has been certified. IP Australia published its own report in May 2015 entitled “The Economic Impact of Innovation Patents", which concluded that there was no evidence that Innovation Patents were fulfilling their original objective of providing a greater innovation incentive for Australian small and medium enterprises (SMEs). However, this economic analysis does not seek to answer why the Innovation Patent System is not functioning as intended, and it is imperative that IP Australia investigates why SMEs and private inventors (the biggest filers of innovation patents) are not more attracted to the system in its current shape. The final date for submissions is 28 September 2015. A copy of the consultation paper is available here. For more information, please contact Anne-Marie Allgrove, Toby Patten, Jarrod BaylissMcCulloch or Grace Loukides.