Industry Research and Development Act 1986 Section 19 Additional Functions of Innovation Australia (04/11/2009) (Cth)
COMMONWEALTH OF AUSTRALIA
INDUSTRY RESEARCH AND DEVELOPMENT ACT 1986
Section 19
Additional Functions of Innovation Australia
I, KIM JOHN CARR, Minister for Innovation, Industry, Science and Research, under section 19 of the Industry Research and Development Act 1986, hereby direct Innovation Australia ('the Board') that the following functions relating to promoting the development, and improving the efficiency and international competitiveness, of Australian industry by encouraging research and development activities, innovation activities and venture capital activities, are additional functions of the Board.
a) Study industry research and development, innovation and venture capital, and provide advice to the Minister.
b) Promote and market industry innovation activities, programs, and benefits by acting as Ambassadors for industry innovation.
c) Collect and analyse data on industry research and development, innovation and venture capital programs for which the Board has an administrative responsibility, including the extent to which programs are meeting their objectives, and advise the Minister of outcomes.
d) Monitor the administration, delivery and performance of industry research and development, innovation and venture capital programs for which the Board has an administrative responsibility, and advise the Minister of outcomes.
e) Maintain the effectiveness and integrity of the industry research and development, innovation and venture capital programs for which it has responsibility, including undertaking legal action if required.
f) Cooperate with any reasonable independent evaluation of the industry research and development, innovation and venture capital programs for which the Board has administrative responsibility.
g) Consider options to support the commercialisation of Australian ideas and technology, address systematic and market failures along the pathway to commercialisation, and provide advice to the Minister.
This direction supersedes the directions on additional functions given to the Board on 17 December 2004 and takes effect from 4 November 2009.
Dated this 4th day of November 2009
Minister for Innovation, Industry, Science and Research
K Carr
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