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The High Court of Australia has considered the case and has unanimously concluded that the chips are not technological protection measures - reversing the decision of the Full Court affirming the decision of the court at first instance The case relates to Mr. Steven's sale of "mod chips" for the Sony Playstation a couple of years ago. The case is relevant for its interpretation of the term "technological protection measure". I also believe that this is the first time DMCA provisions have been considered by a court of final appeal anywhere in the world.
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