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Generative AI: A global guide to key IP considerations
Artificial intelligence (AI) raises many intellectual property (IP) issues.
South Africa | Publication | April 2024
With the “Two-Pot System” being the topic of conversation of all stakeholders of the pension fund industry, it is apt that National Treasury addressed the Finance Standing Committee, housed by the National Assembly, on 19 March 2024 with its responses to the public submissions received on the Pension Funds Amendment Bill. One of the main concerns raised by the public in relation to the Bill was the contradictions between the Pension Funds Act and the Divorce Act. In addition, there was concern on whether the “Two-Pot System” changes would also apply to public sector retirement funds as they are not governed by the Pension Funds Act.
National Treasury’s feedback to the Finance Standing Committee can be summarised as follows –
After noting Treasury’s responses to the public submissions, the Bill was adopted by the Finance Standing Committee on 22 Mach 2024. The Bill together with the report on the Bill was tabled and passed by the National Assembly on 27 March 2024. The Bill is now before the National Council of Provinces (NCOP) for concurrence. If the NCOP passes the Bill, as passed by the National Assembly, it will then be transmitted to the President for signature.
Further developments regarding the Bill and its implementation will follow.
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Artificial intelligence (AI) raises many intellectual property (IP) issues.
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The UK remains a world leader in offshore wind, accounting for roughly 20 percent of global offshore wind capacity, with 11.3 GW operational. It is forecast that installed capacity will rise to 19.5 GW by mid 2020s.
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On 21 May 2024, the European Council (or Council) adopted the so-called ‘Hydrogen and decarbonised gas market package’ (the Gas Package). The package contains a recast of the 715/2009 gas regulation (Gas Regulation) and a recast of the 2009/73 gas directive (Gas Directive) aimed at reforming the existing EU regulatory framework to support the deployment of renewable and low-carbon gases, in particular hydrogen. As such, it represents a major development in the EU gas market.
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