Estimates of Regulatory Cost Lower Upper Average annual cost -$172,371.27 Confidence in estimate Low : Opposition costs incomplete – Description Opportunity cost of disputes related to innovation patents that were not completed (in addition to this are completed disputes) Inputs for ongoing Input Notes Volume (AV1 AV4) 2 2 The innovation patent system has – seen an average of roughly 3 oppositions per year, 2/3 of which finish and 1/3 which is ‘incomplete’ complete. Therefore 2 incomplete opposition have been assumed as an average yearly cost. Time (B1) - unrepresented Australian Time spent by unrepresented customers applicants. Derived from IP Australia’s 2014 regulation audit which is based on consultation with attorneys and IP Australia’s own estimates. Time (B2) - represented Australian Time spent by represented customers applicants instructing their attorney. Derived from data from IP Australia’s 2014 regulation audit. Time (B3) agents of Australian Time spent by agents representing – customers domestic applicants. Derived from data from IP Australia’s 2014 regulation audit.
Estimates of Regulatory Cost Lower Upper Average annual cost -$172,371.27 Confidence in estimate Low : Opposition costs – incomplete Description Opportunity cost of disputes related to innovation patents that were not completed (in addition to this are completed disputes) Inputs for ongoing Input Notes Volume (AV1 – AV4) 2 2 The innovation patent system has seen an average of roughly 3 oppositions per year, 2/3 of which finish ‘incomplete’ and 1/3 which is complete. Therefore 2 incomplete opposition have been assumed as an average yearly cost. Time (B1) - unrepresented Australian customers Time spent by unrepresented applicants. Derived from IP Australia’s 2014 regulation audit which is based on consultation with attorneys and IP Australia’s own estimates. Time (B2) - represented Australian customers Time spent by represented applicants instructing their attorney. Derived from data from IP Australia’s 2014 regulation audit. Time (B3) – agents of Australian customers Time spent by agents representing domestic applicants. Derived from data from IP Australia’s 2014 regulation audit.