4 Government Gazette 25 August 2016 Act No. 8, 2016 6105 BUSINESS AND INTELLECTUAL PROPERTY AUTHORITY ACT, 2016 “industrial property” means the industrial property as defined in section 1 of the Industrial Property Act; “member” means a person appointed as a member of the Board under section 8; “Minister” means the Minister responsible for trade; “prescribed” means prescribed by regulation; “Public Enterprises Governance Act” means the Public Enterprises Governance Act, 2006 (Act No. 2 of 2006); “Registrar” means the Registrar of business and industrial property who is the Chief Executive Officer; “Registration Office” means the Registration Office established in terms of section 4; “regulation” means a regulation made under section 30; “regulatory authority” means an entity established in terms of legislation, responsible for regulating an industry or sector of an industry, and includes a ministry, office and agency; “rule” means a rule made under section 14; “staff member” means staff member of BIPA appointed under section 17; and “this Act”, includes the regulations. Objects of Act 2. The objects of this Act are to - (a) facilitate economic growth and development to raise income and promote investment and create employment; (b) enhance the efficient protection of the business and intellectual property in Namibia; (c) facilitate and promote the efficient and effective registration of business and industrial property in Namibia; (d) promote the conduct and use of business and intellectual property in Namibia; (e) facilitate, streamline, simplify and harmonise the business and industrial property procedures, registrations, filings and searches to expedite economic growth and development; and (f) enhance the efficient exchange and distribution of information.