Commonwealth Consolidated Acts

INDUSTRIAL RESEARCH AND DEVELOPMENT INCENTIVES ACT 1976 - SECT 7

             (1)  If a committee is satisfied that an employee of a company (not being a research organization) who does not have a professional qualification has skills, ability and experience that fit him to carry out work by way of industrial research and development for the company, the committee may recommend to the Board that the employee be approved as an approved employee of the company for the purpose of the definition of professional or technical research and development work in subsection 4(1), and the Board may then approve the employee as such an approved employee.

          (1A)  A recommendation under subsection (1) may include a recommendation that an employee be approved as an approved employee only in respect of a specified field of expertise or a specified activity, and, if the Board then gives its approval under subsection (1), the employee shall be deemed, for the purposes of the definition of professional or technical research and development work in subsection 4(1), not to be an approved employee in respect of work he performs in any field of expertise or activity not specified under this subsection.

             (2)  If a committee recommends to the Board that the approval of an employee of a company as an approved employee of the company for the purpose of the definition of professional or technical research and development work in subsection 4(1) be revoked, the Board may revoke the approval of the employee as such an approved employee.

             (3)  A revocation of an approval of an employee of a company does not apply in relation to a grant year before the grant year next commencing after the revocation of the approval.

             (4)  An approval of an employee of a company (not being a research organization) given under subsection 6A(1) of the previous Act before the commencement of this Act, being an approval which has not been revoked under subsection 6A(2) of that Act before the commencement of this Act, shall, on the commencement of this Act, be deemed, for the purposes of this Act, to be an approval given by the Board under subsection (1) of this section.