Document ID: chunk:federal_register_of_legislation:C2025C00019:clause:2_10
Version: federal_register_of_legislation:C2025C00019
Segment Type: clause
Provision Reference: sch 2 cl 10
Character Range: 19154–20740

10  SRDC's expenditure and funding treated as industry services body's
(1) This item has effect for the purposes of working out under section 7 of the Sugar Research and Development Services Act 2013 the limit on the appropriation for matching payments for a financial year.
(2) For the purposes of subsection 7(9) of that Act, there is an unmatched R&D excess for the last full financial year before the declaration day if:
 (a) the SRDC spent a particular amount (the R&D spend amount) in the financial year on activities that qualify, under the funding contract (within the meaning of that Act) with the industry services body, as research and development activities; and
 (b) because of section 31 or 32 of the Primary Industries and Energy Research and Development Act 1989, the payments (the matching payments) under paragraph 30(1)(b) of that Act to the SRDC for the financial year are less than 50% of the R&D spend amount.
The amount of the unmatched R&D excess is:
(3) If the declaration day is in the financial year starting on 1 July 2013, subsection 7(10) of that Act has effect as if:
 (a) the amount spent in that year by the industry services body on activities that qualify, under the funding contract (within the meaning of that Act), as research and development activities included the amount (if any) spent on those activities by the SRDC in that year; and
 (b) the matching payments for the financial year included payments made under paragraph 30(1)(b) of the Primary Industries and Energy Research and Development Act 1989 to the SRDC during the financial year.