Industry Research and Development Act 1986 (Entrepreneurs' Programme Committee) Revocation of Appointment 2025

Overview

The Industry Research and Development Act 1986 (IR&D Act) was enacted to foster innovation and industrial research and development in Australia, aiming to enhance the competitiveness and growth of Australian industries. The Act was introduced to address the need for a coordinated approach to research and development, ensuring that resources are directed towards projects that will yield significant economic benefits. The IR&D Act established various mechanisms, including the Entrepreneurs’ Programme Committee, to oversee and facilitate these initiatives. However, the 2025I, Ed Husic, Minister for Industry and Science, has revoked the appointment of the Entrepreneurs’ Programme Committee of Industry Innovation and Science Australia, effective from 4 April 2025, under section 22(1) of the IR&D Act. This revocation signifies a shift in the administrative structure for managing industrial research and development, reflecting a policy decision to streamline or realign the responsibilities within the industry innovation framework.

Scope and Application

The Industry Research and Development Act 1986 (Entrepreneurs’ Programme Committee) Revocation of Appointment 2025I, issued by Ed Husic, Minister for Industry and Science, revokes the appointment of the Entrepreneurs’ Programme Committee of Industry Innovation and Science Australia. This revocation applies to the specific committee and its functions under the Industry Research and Development Act 1986, effective from 4 April 2025. The revocation is a direct action under section 22(1) of the Act, affecting the committee's operations and any related initiatives within the industry and science sectors. This legislative instrument specifically targets the named committee and does not extend to other entities or individuals unless explicitly mentioned. The revocation is set within the Commonwealth jurisdiction, impacting the national framework for industry research and development. No exclusions, exemptions, or thresholds are specified in this particular notice, and the revocation itself does not extend or restrict application through subordinate instruments.

Key Provisions

The Industry Research and Development Act 1986 (Entrepreneurs’ Programme Committee) Revocation of Appointment 2025I, dated 27 February 2025, revokes the appointment of the Entrepreneurs’ Programme Committee of Industry Innovation and Science Australia, effective from 4 April 2025. This revocation is made under section 22(1) of the Industry Research and Development Act 1986 by Ed Husic, the Minister for Industry and Science. The revocation signifies that the Entrepreneurs’ Programme Committee will no longer hold its official position as designated by the Act from the specified date. The main provisions of the revocation are outlined in the text, which clearly state the effective date and the basis for the revocation. The revocation of the Entrepreneurs’ Programme Committee under the Act imposes specific obligations on the parties involved. Firstly, the Act requires that the revocation is communicated to all relevant stakeholders and that the committee ceases its operations as of the effective date. This includes ceasing any activities, projects, or responsibilities that were previously assigned to the committee. Additionally, any ongoing tasks or projects must be transitioned to another body or individual as specified by the Minister. The Act ensures that the revocation process is transparent and that all duties are properly managed during the transition period. Breaches of the obligations imposed by the Act can result in various consequences. While the revocation itself does not directly impose new obligations on the committee or other parties, failure to comply with the terms of the revocation could lead to legal repercussions. For instance, if the committee continues its activities beyond the effective date, it may be subject to penalties under the Act or other relevant legislation. The specific penalties are not detailed in the revocation instrument but may include fines, administrative actions, or other legal consequences as prescribed by the Act or other applicable laws. The maximum penalties would be determined based on the nature and severity of the breach, in accordance with the provisions of the Industry Research and Development Act 1986 and any related statutes.