Commonwealth Consolidated Acts

INDUSTRY RESEARCH AND DEVELOPMENT ACT 1986 - SECT 18A

             (1)  The Minister may, in relation to any program relating to research and development matters or innovation matters that is administered by the Department, by notice in writing delivered to the Chairperson, give directions to the Board concerning the provision to the Minister of technical assessments:

                     (a)  of proposals for research and development, or proposals for innovation, under that program; and

                     (b)  of the progress of research and development, or innovation, in respect of which the expenditure of Commonwealth money has been approved under that program.

             (2)  Without limiting the generality of subsection (1), Ministerial directions that the Board provide a technical assessment of a research and development proposal, or an innovation proposal, may include a requirement that the Board consider and report to the Minister on whether the proposal is likely to lead to results that can be exploited on normal commercial terms or will otherwise benefit the Australian economy.