Patently Protect our Investment

If the federal government in Australia is going to give incentives to the Auto industry and others with grants of taxpayers money . Then we the tax payer need to have some ownership of the patents so we get the ongoing benefit. With all this money to go into innovation there is bound to be many patents and products developed that can then just be handed over to parent companies for little cost, or worse still no cost. Many inventions of Australia have been bought up by foreign investors then taken off shore after huge state and federal funding grants has been poured into their development . Usually just when the product is at the production stage and all the research and develop has been paid for by us the taxpayer. The stake holders such as suppliers ,employees , and initial investors are generally left with nothing. Even if the government never gets paid for the patent ownership it will still retain the ability to stop the ideas being nefariously transferred to huge multinationals with their own agendas .