Document ID: chunk:federal_register_of_legislation:C2025C00027:section:33b
Version: federal_register_of_legislation:C2025C00027
Segment Type: section
Provision Reference: s 33B
Character Range: 40353–40937

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 research and development activities of relevance to the State or Territory.