R & D Start Program Directions No. 3 of 2002 (Cth)

Commonwealth of Australia

Industry Research and Development Act 1986

R&D Start Program Directions No 3 of 2002

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

Dated 28 November 2002

SIGNED: Ian Macfarlane

Minister for Industry, Tourism and Resources

PART 1 — PRELIMINARY

Name of directions

1. These directions are the R&D Start Program Directions No 3 of 2002.

Commencement

2. These directions commence on the day on which the directions are published in the Gazette.

Object of these directions

3. (1) The object of this instrument is to give directions to the Industry Research and Development Board in relation to a function to be performed by the Board relating to the object of the Industry Research and Development Act 1986 and to certain policies and practices to be followed by the Board in the performance of that function.

(2) That function is an additional function of the Board.

(3) The policies and practices to be followed by the Board in the performance of the additional function are intended to include the provision of a competitive basis for granting:

(a) financial assistance for research and development projects;

(b) concessional loans for the commercialisation of technological innovation; and

(c) assistance under COMET for commercialisation of emerging technologies.

Interpretation

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