Parliament has today released a timeframe for the introduction of the new Patents Act, which will see the updated patent laws come into force no later than 14 September 2014.

The Patents Act, passed in August, received royal assent on 13 September 2013. The new laws must be in force within 12 months of that date.

The new Patents Act will replace the existing 1953 Patents Act; a change that will re-shape the current patent system here in New Zealand.

The changes will encourage innovation in New Zealand with a balanced patent system geared towards giving greater certainty in the validity of granted patents. The changes will also align the New Zealand system with other countries.

To read more about the details of the Act, click here.