Regulatory Impact and Compliance Cost Statement
45. A Regulatory Impact and Statement ("RIS") and Business Compliance Cost Statement ("BCCS") is attached as Appendix B. Both the RIS and BCCS comply with Cabinet Office requirements.
46. Amendment of the Trade Marks Act to provide for New Zealand to become party to the Singapore Treaty is expected to result in compliance cost reductions for businesses and, in particular, for trade mark owners, consistent with the aims of that treaty. In particular, removal of the provisions related to the voluntary registration of a person as a licensee of a trade mark will eliminate costs associated with registering a person as a licensee and reduce compliance costs for registering a change of ownership of a trade mark, where use of that trade mark has been licensed to another person.
47. Based on the information provided in the attached RIS/BCCS, the Regulatory Impact Analysis Unit considers that the disclosure of information is adequate, and the level of analysis is appropriate given the likely impacts of the proposal.
48. An exemption from the RIS/BCCS requirements is claimed in relation to the proposed repeal of section 81 of the Act, on the basis that it is minor and machinery in nature and does not substantially alter existing arrangements.
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