Which of the Following Is Not a Requirement for Registering

question 52

Multiple Choice

Which of the following is not a requirement for registering a patent in Australia?

• A)The technology is new
• B)The technology is inventive or innovative
• C)The technology is useful
• D)The technology is obvious

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Definitions:

CCA Rate

Capital Cost Allowance rate, which is the rate at which businesses in certain jurisdictions can claim depreciation on assets for tax purposes.

Marginal Tax Rate

The percentage of tax applied to an individual or entity's next dollar of income, showing the impact of the last dollar earned on their tax liability.

Taxable Income

The amount of an individual’s or a company's income used to determine how much tax they owe the government in a given tax year.

Cash Flow

This term refers to the net amount of cash and cash-equivalents being transferred into and out of a business.