Knowledge is not intellectual property. Nevertheless, once the language of intellectual property was widely deployed in Australian universities, the ownership of knowledge was explicitly accomplished. This occurred in the late 1980s and early 1990s, when for reasons explored in this chapter, universities were compelled to develop policies on the allocation of intellectual property. An uneven and disorderly process, policy development took place both specifically – within the narrow confines of legal definitions of intellectual property – and symbolically, entering discourses around the purpose of the university form and the value of the labour within it. That is what this chapter is about. This chapter considers the forces that obliged the universities to transform earlier patent policies into broader policies encompassing the full breadth of intellectual property – and beyond, as we will see.