Here's a good article from Phillips Ormonde Fitzpatrick - http://www.shelstonip.com/news_story.asp?m=9&y=2009&nsid=118#page=1.
I have discussed the innovation patent and its advantages a number of times in this blog. As set out in that article, the innovation patent is indeed at odds with the Australian authorities' oft-stated intentions to work towards international alignment. Innovators need to act before the system is removed.
Simply put, the system gives you a quick and simple way of getting a form of patent that could be even more effective than a standard patent. It's quick because protection can be in place in less than 6 months, as opposed to the 2 or 3 years you'd usually wait for standard patent protection. It could be even more effective because you don't have to comply with the often difficult requirement of inventive step associated with standard patents. Read more here: http://www.beagar.com.au/Innovation%20Patent.htm
More and more of my clients are using the innovation patent, especially for inventions that are simple, but commercially valuable. Please don't hesitate to call me on +61 7 5529 9396 or drop me a note - email@example.com - for some complimentary advice on this very effective tool.