$24.8 million to fight trade mark and copyright infringement
Minister for Industry, Tourism and Resources Parliamentary Secretary Bob Baldwin has announced that the Australian Government will provide funding of over $24.8 million over the next two years to assist the Australian Federal Police and the Commonwealth Director of Public Prosecution in fighting trade mark and copyright infringement:
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“Trade mark infringement can directly affect the bottom line of a company that has worked hard to establish a quality reputation in the market”
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“Consumers can also become victims of IP theft … often consumers are left defenceless and unaware that they are inadvertently purchasing substandard imitation goods”
Link to Media Release (IP Australia)