On 7 October 2015, the Australian Productivity Commission ('Commission') released its issues paper regarding its inquiry into Australia's intellectual property ('IP') arrangements. It follows the Harper Competition Policy Review, which recommended a comprehensive evaluation of Australia's intellectual property regime. The inquiry is to consider a number of issues relating to Australia's IP arrangements, including: the underlying objectives of Australia's IP system; the way that IP policy is designed, implemented and enforced; the role of exclusivity rights in the context of broader policies designed to encourage innovation and development; and the relevance of international organisations - such as the World Intellectual Property Organisation - and other multilateral frameworks. The stated objective of the inquiry is to 'maximise the wellbeing of Australians by ensuring that the IP system provides appropriate incentives for innovation, investment and the production of creative works, while at the same time ensuring it does not impede further innovation, competition, investment and access to goods and services.' To achieve this goal, the Commission aims to ensure that the system is effective, efficient, adaptable and accountable. The inquiry will also examine how to improve arrangements for specific forms of IP. It recognises, for example, that copyright - perhaps more than any other IP right - is facing challenges adapting to the digital era. The rapid changes in technology have allowed creators to market and sell their works more effectively and at a lower cost, but have also made copyright infringements easier and cheaper. Finally, the inquiry notes that Australia's domestic IP legislation is 'strongly influenced by its commitment to international conventions and agreements' and seeks input into the impact of international obligations on domestic innovation, production, trade and consumption.' This is a timely observation given that the Trans-Pacific Partnership was finally agreed two days prior to the announcement of the inquiry. Submissions to the inquiry are due by 30 November 2015, and the Commission will be required to report to the government by mid-August 2016.