R & D Start Program (policies and practices of the IR&D Board) Direction No. 1 of 1996 (Amendment No. 1 of 1997) (Cth)

Commonwealth of Australia

Industry Research and Development Act 1986

R&D Start Program (policies and practices of the                 IR&D Board) Direction No. 1 of 1996 (Amendment   No. 1 of 1997)

I, JOHN COLINTON MOORE, Minister for Industry, Science and Tourism, acting under subsection 20 (1) of the Industry Research and Development Act 1986, make the following instrument of amendment.

Dated Tenth June 1997.

JOHN MOORE

Minister for Industry, Science and Tourism

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1. Commencement

1.1     This instrument commences on the day on which particulars of the instrument are published in the Gazette.

[NOTE: For the publication of particulars, see s. 20 (3) of the Industry Research and Development Act 1986.]

1. Amendment

2.1     The R&D Start Program (policies and practices of the IR&D Board)
Direction No. 1 of 1996 is amended as set out in this instrument.

1. Clause 3 (Interpretation)

3.1    Subclause 3 (1):
Insert the following definition:
“'research institution' includes:

(a)the CSIRO;

(b)universities;

(c)tertiary education institutions;

(d)Cooperative Research Centres;

(e)medical research institutes;

(f)organisations that, in the opinion of the Board:

R&D Start Program (policies and practices of the IR&D Board)

Direction No. 1 of 1996 (Amendment No. 1 of 1997)

(i)are primarily funded by the Commonwealth or the States and          have a substantial focus on research; or

(ii)carry out research and development as their main activity;”.

1. Clause 5 (Board to have regard to certain policy objectives) 

4.1Paragraph 5 (b) and (c):

Omit the paragraphs, substitute:

"(b)    to foster greater commercialisation of outcomes from research and development projects;

(c)   to increase the level of finance sector funding of:
(i)  research and development; and
(ii) commercialisation of research and development activities;

(d)to foster collaborative research and development and related        activities:
(i)  within industry; and
(ii)  between industry and research institutions, or both.".

1. Clause 9 (Requirements concerning projects)

5.1     Subclause 9 (1):

Omit “application:”, substitute “application, except for Graduate Based Research and Development Related Projects in Small to Medium Sized Enterprises:”.

5.2    Subclause 9 (2):
Omit the subclause, substitute:

“(2)   To qualify for a grant for Graduate Based Research and    Development Related Projects in Small to Medium Sized Enterprises, a project must:

(a)involve a graduate working on a specific company-based research    and development related project or a research and development  project; and

(b)be intended to result in the formation of new and appropriate     linkages between the company and a research institution.".

5.3    Paragraph 9 (3) (a):
Omit “body registered as an Australian research agency under section 39F of the Act;”, substitute “research institution;”.

1. Clause 10 (Requirements concerning applicants)

6.1Omit paragraph 10 (2) (b), substitute:

"(b) be a research institution that is not related to the collaborating companies.".

R&D Start Program (policies and practices of the IR&D Board)

Direction No. 1 of 1996 (Amendment No. 1 of 1997)

1. Clause 17 (Reduction of financial assistance if other finance becomes available

7.1    Omit clause 17.

1. New Clause 23A

8.1After clause 23, insert:

Interest on repayments

“23A.  Interest on the balance of a recoupable part of a grant must be    charged at a rate not more than 1.5 times the Bank variable small business loan      rate set out in Table F4 (Indicator Lending Rates) published monthly in the Reserve Bank Bulletin or a similar commercial borrowing rate index.”.

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