On 2 December 2020, the Designs The purpose of the Bill is to amend the Australian designs system based on several of the recommendations in a Final Report by the Advisory Council on Intellectual Property ("ACIP") in respect of its review, conducted for the Australian Government in consultation with IP Australia and other stakeholders, to investigate the effectiveness of the designs system in stimulating innovation by Australian users and the impact the designs system has on economic growth. Key amendments to Australia's design statute, the Designs Act 2003 ("the Act") , which are proposed in the Bill are discussed below. Grace period There is to be introduced a "grace period" whereby a