Commonwealth Consolidated Acts

INDUSTRY RESEARCH AND DEVELOPMENT ACT 1986 - SECT 7

                   The functions of the Board are:

                  (aaa)  in accordance with Ministerial directions under section 18A or 19--to provide technical assessments to the Minister in relation to:

                              (i)  proposals for research and development, or proposals for innovation, under programs to which those directions apply; or

                             (ii)  the progress of particular research and development or particular innovation initiatives in respect of which the expenditure of Commonwealth money has been approved under such programs; and

                     (a)  such functions as are conferred on it by a provision of this Act (other than this section); and

                    (aa)  such functions as are conferred on it by the finance scheme guidelines; and

                     (b)  to evaluate, and to advise the Minister about, the operation of this Act, the Pooled Development Funds Act 1992 and the Venture Capital Act 2002 , and the Commonwealth's income tax laws as they operate in relation to those Acts; and

                     (c)  such functions as are conferred on it by the Pooled Development Funds Act 1992 , the Venture Capital Act 2002 or any other Act; and

                    (ca)  to give information it obtains under Part 2, 3 or 4 of the Venture Capital Act 2002 to the Commissioner of Taxation for the purposes of implementing and administering the taxation law (within the meaning of the Taxation Administration Act 1953 ); and

                     (d)  any functions specified in a direction in force under section 19.