Governing in ignorance: Australian governments legislating, without understanding, intellectual property
By: Tim Wilson/Institute of Public Affairs
Removing trademarks from R 18+ films and tobacco products may significantly devalue the intellectual property rights giving them the opportunity to demand compensation on “just terms”. Similarly compensation may also be required under investment provisions in free trade agreements like the USFTA. And with compensation calculated to range from $108 million to $3.4 billion per year the price tag is not cheap.