Document ID: chunk:federal_register_of_legislation:F2024N00478:clause:2_5
Version: federal_register_of_legislation:F2024N00478
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 2806–3982

5  Delegation under the IR&D Act
 (1) Under subsection 36(3) of the IR&D Act, the powers of the Secretary to the Treasury set out in subsection (2) are delegated to the officials from time to time holding, occupying or performing the duties of positions in DISR specified in column 1 of an item in the table in Schedule 1, subject to:
 (a) if the exercise of these powers involves the commitment or expenditure of money by the Commonwealththe relevant amount not exceeding the amount specified in column 2 of that item; and
 (b) the directions specified in Schedule 2.
Note:  Subsection 36(4) of the IR&D Act requires a delegate to comply with any directions of the accountable authority.
 (2) For the purposes of subsection (1), the powers are:
 (a) the power under section 34 of the IR&D Act to make, vary or administer an arrangement on behalf of the Commonwealth; and
 (b) the power under section 35 of the IR&D Act to enter into an agreement with a State or Territory or a corporation to which paragraph 51(xx) of the Constitution applies, on behalf of the Commonwealth, which sets out the terms and conditions of financial assistance;
for the purposes of the Program.