Document ID: chunk:federal_register_of_legislation:F2009B00008:body:0:p3
Version: federal_register_of_legislation:F2009B00008
Segment Type: other
Provision Reference: 
Character Range: 7168–10972

directions means the directions revoked by clause 33, by the                                           R&D Start Program Directions No 1 of 2002, by the R&D Start                                                         Program Directions No 1 of 2000 or by the R&D Start Program                                                         Directions No 1 of 1998.

   research institution includes:

   (a) the Commonwealth Scientific and Industrial Research                                                          Organisation; and

   (b) a tertiary educational research institution; and

   (c) an institution that is recognised as a Cooperative Research                                                          Centre; and

   (d) a medical or veterinary research institution; and

   (e) a body that, in the opinion of the Board:

    (i) conducts research and development as its primary                                                                        activity; and

                      (ii)               is primarily funded by the Commonwealth, or a State or Territory, and conducts substantial research.

   Start Graduate (see R&D Start Program).

   Start Grants (see R&D Start Program).

   Start Plus (see R&D Start Program).

   Start Premium (see R&D Start Program).

   year of income, of a company, means the period of 12 months to
   which the income tax returns of the company relate.

 (2) For these directions, whether 2 or more bodies corporate are related to each                             other is determined in the same way as under the Corporations Act 2001.

 (3) In these directions, may is permissive and not mandatory.

Board to have regard to certain policy objectives

5. The Board must have regard to the following policy objectives in giving effect to these               directions:

 (a) to increase the number of projects involving research and development activities                             with a high commercial potential that are undertaken by companies;

 (b) to foster greater commercialisation of the outcomes of those projects;

 (c) to foster collaborative research and development activities in industry and                              between industry and research institutions;

 (d) to encourage successful innovation in small companies by supporting                              commercialisation of internationally competitive products, processes and                                           services;

 (e) to increase the level of research and development activity in Australia that is                             commercialised in a manner that will benefit the Australian economy; and

 (f) to increase the level of research and development activity conducted that                              provides national benefit.

When applications to be considered

6. The Board must deal with an application as soon as practicable after it is received by               the Board.

PART 2 — ADDITIONAL FUNCTION OF BOARD

Additional function

7. (1) A function of the Board is to administer the R&D Start Program.

 (2) The Board must administer the component programs of the R&D Start Program,                             by:

  (a) considering applications and selecting applicants for financial assistance,                                           loans and COMET;

  (b) entering into agreements, on behalf of the Commonwealth, with                                            applicants whose applications for financial assistance, loans or COMET                                           are granted;

  (c) authorising payments for financial assistance, loans and COMET to be                                           made by the Commonwealth to those applicants;

  (d) monitoring and evaluating projects for which financial assistance