Summary
Amends the: Olympic Insignia Protection Act 1987 to: clarify that only the Australian Olympic Committee (AOC) and the International Olympic Committee (IOC) are permitted to register Olympic insignia as trade marks in Australia; and provide for the rejection of trade mark applications not made by the AOC or IOC; Trade Marks Act 1995 to: align grace periods for payment of a fee for renewal of a trade mark registration to a consistent 6 month duration, whether registration of a trade mark application is delayed or not; clarify provisions dealing with the revocation of the registration of a trade mark where a component of a notice of opposition to registration of that trade mark has been overlooked; permit restoration of a trade mark to the Register of Trade Marks if an extension of time is obtained to file evidence in support of an opposition to the trade mark removal; and remove references to the Official Journal of Trade Marks; and Patents Act 1990 to remove spent transitional and savings provisions that have had no effect from February 2022.