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Australia - End Point Royalties explained
Australia
September 30, 2011
As harvest approaches, a new Grains Research and Development Corporation (GRDC) fact sheet has been released to answer growers’ questions about End Point Royalties (EPRs).
EPRs are an essential income source for Australia’s cereal, pulse and oilseed breeding programs. The collection of these royalties is evolving and now there are two main systems.
These two main collection systems are:
• Automatic deduction of EPRs by grain traders buying from a grower; or
• Royalty managers directly invoicing growers for EPRs.
The Plant Breeder’s Rights Act gives the variety owner the exclusive right to sell their varieties, which includes the right to collect royalties for commercial use.
Plant breeders rights (PBR) is a type of intellectual property right/set of rights. It is a protection of a variety that allows the breeder/owner of the variety to place restrictions on what the grower and others can do with it.
To download the GRDC fact sheet, visit www.grdc.com.au/GRDC-FS-EndPointRoyalty.
More news from: GRDC (Grains Research & Development Corporation)
Website: http://www.grdc.com.au Published: September 30, 2011 |
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