Commonwealth Consolidated Acts

PRIMARY INDUSTRIES AND ENERGY RESEARCH AND DEVELOPMENT ACT 1989 - SECT 28

             (1)  The directors must include in each report on an R&D Corporation prepared under section 9 of the Commonwealth Authorities and Companies Act 1997 :

                     (a)  particulars of:

                              (i)  the R&D activities that it co‑ordinated or funded, wholly or partly, during the period; and

                             (ii)  the amount that it spent during the period in relation to each of those activities; and

                           (iia)  which (if any) of those activities related to ecologically sustainable development; and

                           (iib)  the impact of those activities on the primary industry or class of primary industries in respect of which the Corporation was established; and

                            (iii)  revisions of its R&D plan or annual operational plan approved by the Minister during the period; and

                            (iv)  the entering into of agreements under sections 13 and 14 during the period and its activities during the period in relation to agreements entered into under that section during or prior to the period; and

                             (v)  its activities during the period in relation to applying for patents for inventions, commercially exploiting patented inventions and granting licences under patented inventions; and

                            (vi)  the activities of any companies in which the Corporation has an interest; and

                           (vii)  any activities relating to the formation of a company; and

                           (viii)  significant acquisitions and dispositions of real property by it during the period; and

                     (b)  an assessment of the extent to which its operations during the period have:

                              (i)  achieved its objectives as stated in its R&D plan; and

                             (ii)  implemented the annual operational plan applicable to the period; and

                     (c)  an assessment of the extent to which the Corporation has, during the period, contributed to the attainment of the objects of this Act as set out in section 3; and

                     (d)  in respect of the grain industry or such other primary industry or class of primary industries as is prescribed in the regulations, particulars of sources and expenditure of funds, including:

                              (i)  commodity, cross commodity and regional classifications; and

                             (ii)  funds derived from transfer of:

                                        (A)  assets, debts, liabilities and obligations under section 144; and

                                        (B)  levies attached to Research Funds under the Rural Industries Research Act 1985 under section 151 of this Act.