Document ID: chunk:federal_register_of_legislation:C2013A00146:clause:4_33b
Version: federal_register_of_legislation:C2013A00146
Segment Type: clause
Provision Reference: sch 4 cl 33B
Character Range: 24466–25029

33B  State and Territory fisheries R&D money
 (1) This section applies if:
 (a) a State or Territory makes a payment to an R&D Corporation in respect of research and development in respect of the fishing industry; or
 (b) the Commonwealth makes a payment to an R&D Corporation of money paid by a State or Territory to the Commonwealth in respect of research and development in respect of the fishing industry.
 (2) The R&D Corporation must, within 5 years of receiving the payment, spend an equal amount on R&D activities of relevance to the State or Territory.