Document ID: chunk:federal_register_of_legislation:F2021L00561:reg:5
Version: federal_register_of_legislation:F2021L00561
Segment Type: reg
Provision Reference: reg 5
Character Range: 1721–2570

5  Prescribed program
 (1) For the purposes of subsection 33(1) of the Act, the National Agricultural Innovation Agenda Program (the program) is prescribed.
 (2) The program provides funding to Agricultural Innovation Australia Ltd to assist Agricultural Innovation Australia Ltd to undertake its activities of:
 (a) developing research and development investment strategies; and
 (b) funding research and development projects identified by such strategies.
 (3) The purpose of the program is to support investment in research and development which:
 (a) addresses significant issues affecting a number of sectors (including the fishery and forestry sectors) of Australian agriculture; and
 (b) is of national benefit and importance because it is conducive to the increased sustainability, productivity and profitability of Australian agriculture.