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Commonwealth of Australia

Industry Research and Development Act 1986

R&D Start Program Directions No 3 of 2002

I, Ian Elgin Macfarlane, Minister for Industry, Tourism and Resources, acting under subsections 19 (1) and 20 (1) of the Industry Research and Development Act 1986, give the following directions to the Industry Research and Development Board.

Dated  28 November 2002

SIGNED: Ian Macfarlane

Minister for Industry, Tourism and Resources

PART 1 — PRELIMINARY

Name of directions

    1. These directions are the R&D Start Program Directions No 3 of 2002.

Commencement

    2. These directions commence on the day on which the directions are published in the Gazette.

Object of these directions

3. (1) The object of this instrument is to give directions to the Industry Research and                             Development Board in relation to a function to be performed by the Board                             relating to the object of the Industry Research and Development Act 1986 and to                             certain policies and practices to be followed by the Board in the performance of                             that function.

 (2) That function is an additional function of the Board.

 (3) The policies and practices to be followed by the Board in the performance of the                             additional function are intended to include the provision of a competitive basis                             for granting:

  (a) financial assistance for research and development projects;

  (b) concessional loans for the commercialisation of technological                                            innovation; and

  (c) assistance under COMET for commercialisation of                                              emerging technologies.

Interpretation

4. (1)  In these directions, unless the contrary intention applies:

  accept means admit for assessment in accordance with these directions and                             acceptance has a corresponding meaning.

  agreement means an agreement mentioned in clause 18.

  applicant includes a party to a joint application, but in relation to a Start                              Graduate application, does not include a research institution.

  application means an application for financial assistance or a loan.

  COMET (see R&D Start Program).

  COMET Guidelines means:

  (a) guidelines made by the Board under subclause 7(3) of these directions,                                           or

  (b) if no guidelines have been made under subclause 7(3) of these directions                                           - the guidelines made by the Board under subclause 7(3) of the R&D                                           Start Program Directions No 1 of 2000.

  Concessional Loans (see R&D Start Program).

  Core Start (see R&D Start Program).

  eligible expenditure means expenditure that is eligible expenditure under a                             guideline or determination of the Board under clause 20.

  financial assistance means a payment under the R&D Start Program that:

  (a) is not a loan; and

  (b) is not made for the purposes of COMET.

  GST has the same meaning as in the A New Tax System (Goods and Services                             Tax) Act 1999.

  joint application means a single application made by more than 1 applicant.

  loan means a Concessional Loans payment.

  non tax-exempt