Document ID: chunk:federal_register_of_legislation:C2004A04649:body:0:p15
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at the end the following subsection:

"(4) In preparing annual operational plans under this section, the Corporation must have regard to the objects set out in section 5.".

Matters to be included in annual report

46. Section 50 of the Principal Act is amended by adding at the end the following word and paragraph:

       "; and (c) an assessment of the extent to which the Corporation has, during the period to which the report relates, contributed to the attainment of the objects set out in section 5.".

PART 11—AMENDMENTS OF THE PRIMARY INDUSTRIES AND ENERGY RESEARCH AND DEVELOPMENT ACT 1989

Principal Act

47.  In this Part, "Principal Act" means the Primary Industries and Energy Research and Development Act 198910.

Objects

48. Section 3 of the Principal Act is amended by omitting from paragraph (a) "or" (first occurring) and substituting "and".

Definitions

49. Section 4 of the Principal Act is amended by adding at the end of the definition of "levy" the following word and paragraph:

"; and (c) an import charge;".

Annual operational plans

50. Section 25 of the Principal Act is amended by adding at the end the following subsection:

"(4) If charge imposed on forest products under the Forest Industries Research Import Charge Act 1993 is attached as a levy to an R&D Corporation established in respect of forest industries, the R&D Corporation's annual operational plan must include, in the broad groupings of R&D activities that the R&D Corporation proposes to fund, R&D activities that are relevant to forest products of a kind that are imported.".

Annual report

51. Section 28 of the Principal Act is amended by inserting after subparagraph (1)(a)(ii) the following subparagraph:

      "(iia) which (if any) of those activities related to ecologically sustainable development; and".

Government matching payments not to exceed levy and certain other payments

  52. Section 31 of the Principal Act is amended:

     (a) by omitting from subsection (1) "Where:" and substituting "Subject to subsection (4), where:";

  (b) by adding at the end the following subsection:

     "(4) Where an amount is paid under paragraph 30(1)(b) to an R&D Corporation established in respect of forest industries, the amount is not to exceed one half of the sum of the amounts paid to the Corporation under subparagraphs 30(1)(a)(i) and (ii) in relation to levy payable under the Forest Industries Research Levy Act 1993 and the Forest Industries Research Export Charge Act 1993 (less the sum of any refunds in relation to research components of those levies).".

Commonwealth's matching payments not to exceed certain proportion of production

  53. Section 32 of the Principal Act is amended:

     (a) by omitting from subsection (1) "subsection (3)" and substituting "subsections (3) and (4)";

  (b) by adding at the end