EXPLANATORY STATEMENT
SCIENCE AND INDUSTRY RESEARCH (CONTRACTS) REGULATIONS
STATUTORY RULES 1990 NO
Issued with the authority of the Minister for Science and Technology
Section 50 of the Science and Industry Research Act 1949 provides that the Commonwealth Scientific and Industrial Research Organisation shall not, except with the approval of the Minister, enter into a contract involving the payment or receipt by the Organisation of an amount exceeding $250,000 or, if a higher amount is prescribed, that higher amount.
No regulations have previously been made in relation to contracts entered into by the Organisation. It is now considered appropriate that the Organisation be permitted to enter into contracts of up to $1,000,000 without Ministerial Approval.
The Science and Industry Research (Contracts) Regulations prescribe the amount of $1,000,000 for the purposes of section 50.