Document ID: chunk:federal_register_of_legislation:C2025C00027:section:19
Version: federal_register_of_legislation:C2025C00027
Segment Type: section
Provision Reference: s 19
Character Range: 25161–26117

19  R&D plans
 (1) An R&D Corporation must prepare, in written form, an R&D plan for each successive period referred to in subsections (3) and (4).
 (2) An R&D Corporation's R&D plan is to include:
 (a) a statement of the Corporation's objectives and priorities for the period to which the plan is expressed to relate; and
 (b) an outline of the strategies that the Corporation intends to adopt in order to achieve those objectives.
 (3) The first R&D plan is to be expressed to relate to:
 (a) if the R&D Corporation is established in the first 9 months of a financial year—that financial year and the 4 subsequent financial years; or
 (b) if the R&D Corporation is established in the last 3 months of a financial year—the next financial year and the 4 subsequent financial years.
 (4) Each subsequent R&D plan is to be expressed to relate to the period of 5 years commencing at the end of the period to which the immediately preceding R&D plan relates.