Commonwealth Consolidated Acts

PRIMARY INDUSTRIES AND ENERGY RESEARCH AND DEVELOPMENT ACT 1989 - SECT 14

             (1)  Without limiting the generality of subsection 12(1), an R&D Corporation may enter into an agreement (including a joint venture agreement or a partnership agreement) with a person for R&D activities to be carried out by the Corporation and the person.

             (2)  Without limiting the matters that may be included in the agreement, the agreement is to specify:

                     (a)  the objectives of the R&D activities; and

                     (b)  the expected duration of the R&D activities; and

                     (c)  the nature and extent of the contribution to be made by the Corporation towards the R&D activities; and

                     (d)  the basis for the distribution of profits and other benefits derived from the R&D activities.