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

Statutory Rules

1977 No. 123

REGULATIONS UNDER THE INDUSTRIAL RESEARCH AND DEVELOPMENT INCENTIVES ACT 1976.*

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 twenty-fifth day of July, 1977.

Governor-General.

By His Excellency’s Command,

Minister of State for Productivity

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Amendments of the Industrial Research and Development Incentives Regulations

1. After regulation 1 of the Industrial Research and Development Incentives Regulations the following regulation is inserted:—

Definition.

“

 1a. In these Regulations ‘the Act ’ means the Industrial Research and Development Incentives Act 1976.”.

2.After regulation 2 of the Industrial Research and Development Incentives Regulations the following regulations are added:—

Prescribed percentage of eligible expenditure for purposes of subparagraph 23 (2) (e) (i) of the Act.

“ 3. For the purposes of sub-paragraph 23 (2) (e) (i) of the Act, the percentage prescribed in relation to the grant year commencing on 1 July 1977 is 25 per centum.

Prescribed amount for purposes of sub-paragraph 23 (2) (c) (iii) of the Act.

“ 4. For the purposes of sub-paragraph 23 (2) (c) (ii) of the Act, the amount prescribed in relation to the grant year commencing on 1 July 1977 is $15,000.”.

 

* Notified in the Australian Government Gazette on 28 July 1977.

 Statutory Rules 1977, No. 16.

Printed by Authority by the Acting Commonwealth Government Printer

11755/77 Cat. No. —Recommended retail price 10c 10/12.4.1977