Commercial Ready Program Directions No. 1 of 2007 (Cth)

Commonwealth of Australia

Industry Research and Development Act 1986 Commercial Ready Program Directions No 1 of 2007

I, Ian Elgin Macfarlane, Minister for Industry, Tourism and Resources, acting under subsections 18 (A), 19 (1) and 20 (1) of the Industry Research and Development Act 1986, give the following directions to the Industry Research and Development Board (the Board).

Dated 16-08-07 IAN MACFARLANE Minister for Industry, Tourism and Resources

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PART 1 - PRELIMINARY

Name of directions

1. These directions are the Commercial Ready Program Directions No 1 of 2007.

Commencement

2. These directions commence 1 September 2007 or the day that the directions are published in the Gazette, whichever is the later.

Object of these directions

3. The object of this instrument is to give directions to the Board in relation to: (a) an additional function of the Board, namely the provision of technical assessments and merit ranking of eligible applications under the Commercial Ready program.

(b) the policies and practices to be followed by the Board in the performance of the function.

Interpretation

4. (1) In these directions, unless the contrary intention applies:

agreed project activities means the activities that are specified in an agreement.

agreement means an agreement between a recipient and the Commonwealth for grant funding under the program, as amended from time to time in accordance with the rules for the program.

applicant means an entity that makes an eligible application.

Commercial Ready program means the Commercial Ready program, including the Commercial Ready Plus component, known informally as Commercial Ready, which is a merit-based program that is administered by the Department and designed to increase the level of high quality innovation activity by small to medium enterprises in Australia.