Industrial Research and Development Incentives Regulations (Amendment) (Cth)

Statutory Rules

1979 No. 37

REGULATIONS UNDER THE INDUSTRIAL RESEARCH

AND DEVELOPMENT INCENTIVES ACT 19761

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Industrial Research and Development Incentives Act 1976.

 Dated this seventh day of March 1979.

 ZELMAN COWEN

 Governor-General

 By His Excellency’s Command,

WAL. FIFE

Minister of State for Business and Consumer Affairs

for an on behalf of the Minister of State for Productivity

_______________

AMENDMENTS OF THE INDUSTRIAL RESEARCH AND

DEVELOPMENT INCENTIVES REGULATIONS2

1 Regulation 1B of the Industrial Research and Development Incentives Regulations is repealed and the following regulation substituted:

“1B.Eligible companies

 For the purposes of paragraph (a) of the definition of ‘eligible company’ in sub‑section 4 (1) of the Act, each of the following companies is prescribed:

 Stamford Industries

The Australian Gas Light Company

Wm. Olds & Sons.”.

2Time for applications

Regulation 2 of the Industrial Research and Development Incentives Regulations is amended by inserting in sub-regulation (1) “, except where the Minister otherwise determines ,” after “shall”.

3Prescribed percentage of eligible expenditure for purposes of sub‑paragraph 23 (2) (e) (i) of the Act

Regulation 3 of the Industrial Research and Development Incentives Regulations is amended by adding at the end thereof the following sub-regulation:

• “(3)

  For the purposes of sub-paragraph 23 (2) (e) (i) of the Act, the percentage prescribed in relation to each of the grant years commencing on 1 July 1979 and 1 July 1980 is 50 per cent.”.

4Prescribed amount for purposes of sub-paragraph 23 (2) (e) (ii) of the Act

Regulation 4 of the Industrial Research and Development Incentives Regulations is amended by adding at the end thereof the following sub-regulation:

• “(3)

  For the purposes of sub-paragraph 23 (2) (e) (ii) of the Act, the amount prescribed in relation to each of the grant years commencing on 1 July 1979 and 1 July 1980 is $25,000.”.

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 14 March 1979.

2. Statutory Rules 1977 No. 16 as amended by Statutory Rules 1977 No. 123; and 1978 Nos. 112, 157 and 171.