Innovation Investment Fund program (Additional Function of the IR&D Board) Direction No. 1 of 1998 (Cth)

Commonwealth of Australia

Industry Research and Development Act 1986

Innovation Investment Fund program (Additional Function of the IR&D Board) Direction No. 1 of 1998

I, JOHN COLINTON MOORE, Minister for Industry, Science and Tourism, acting under subsection 19 (1) of the Industry Research and Development Act 1986, give the following direction to the Industry Research and Development Board.

Dated Tenth August 1998.

JOHN MOORE

Minister for Industry, Science and Tourism

Name of Direction

1.   This Direction is the Innovation Investment Fund program (Additional Function of the IR&D Board) Direction No. 1 of 1998.

Commencement

2.   This Direction commences on the day on which the Direction is published in the Gazette.

Direction

3.   (1)    An additional function of the Board is to administer the Innovation Investment Fund program.

(2)   The function includes investment in, or provision of finance to, managed funds to invest in, or provide finance to, companies that are eligible investee companies as defined in the IIF Program, Policies and Practices Direction No. 1 of 1997, as amended from time to time.