Innovation Investment Fund Program Round Two (Additional Function of the IR&D Board) Direction No. 1 of 1999 (Cth)

Commonwealth of Australia

Industry, Research and Development Act 1986

Innovation Investment Fund program Round Two

(Additional Function of the IR&D Board)

Direction No. 1 of 1999

I, NICHOLAS HUGH MINCHIN, Minister for Industry, Science and Resources of the Commonwealth of Australia 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 26 November 1999.

NICK MINCHIN

Minister for Industry, Science and Resources

Name of Direction

1.    This Direction is the Innovation Investment Fund program Round Two (Additional Function of the IR&D Board) Direction No. 1 of 1999.

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 Round Two of 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 (Round Two), Policies and Practices Direction No. 1 of 1999, as amended from time to  time.

(3)   The IIF program, Policies and Practices Direction No. 1 of 1997 do not apply to   Round Two of the Innovation Investment Fund program.