Commonwealth Consolidated Acts

INDUSTRIAL RESEARCH AND DEVELOPMENT INCENTIVES ACT 1976 - SECT 30

             (1)  Where:

                     (a)  an eligible company is carrying out, or proposes to carry out, a project for industrial research and development (other than a project referred to in paragraph (b));

                    (aa)  a company (other than an eligible company) is carrying out, or proposes to carry out, a project for industrial research and development on behalf of 2 or more bodies corporate, where:

                              (i)  at least one of those bodies corporate is an eligible company; and

                             (ii)  of those bodies corporate, at least one is not deemed to be related to any other; or

                     (b)  a company (whether or not an eligible company) has made an arrangement for the carrying out of a project for industrial research and development by 2 or more companies (which include an eligible company or eligible companies, but need not include the first‑mentioned company) and, under the arrangement, no company other than the first‑mentioned company is to apply to the Board for a grant under this Division in respect of the project;

and the company applies to the Board for a grant under this Division in respect of the project, the Board may, subject to this Act, to any regulations referred to in paragraph 42(aa) and to any relevant directions of the Minister under section 19, enter into an agreement, on behalf of the Commonwealth, with the company for and in relation to the making of a grant of financial assistance under this Division to the company in respect of expenditure in respect of the project incurred or to be incurred:

                     (c)  in the case of an application by a company referred to in paragraph (a) or (aa)--by the company; or

                     (d)  in the case of an application by a company in accordance with an arrangement referred to in paragraph (b)--by such of the companies by which, under the arrangement, the project is being carried out or is proposed to be carried out as is an eligible company or are eligible companies.

             (2)  Subsection (1) does not apply in relation to a project that is to be commenced after 1 July 1986.