Commonwealth Consolidated Acts

PRIMARY INDUSTRIES AND ENERGY RESEARCH AND DEVELOPMENT ACT 1989 - SECT 19

             (1)  An R&D Corporation must prepare, in written form, an R&D plan for each successive period referred to in subsections (3) and (4).

             (2)  An R&D Corporation's R&D plan is to include:

                     (a)  a statement of the Corporation's objectives and priorities for the period to which the plan is expressed to relate; and

                     (b)  an outline of the strategies that the Corporation intends to adopt in order to achieve those objectives.

             (3)  The first R&D plan is to be expressed to relate to:

                     (a)  if the R&D Corporation is established in the first 9 months of a financial year--that financial year and the 4 subsequent financial years; or

                     (b)  if the R&D Corporation is established in the last 3 months of a financial year--the next financial year and the 4 subsequent financial years.

             (4)  Each subsequent R&D plan is to be expressed to relate to the period of 5 years commencing at the end of the period to which the immediately preceding R&D plan relates.