Commonwealth Consolidated Acts(1) There are to be paid to an R&D Corporation (other than an R&D Corporation to which no levy is attached) amounts equal to:
(a) where a levy is attached to the Corporation--the amounts from time to time received by the Commonwealth, under the Collection Act for each levy attached to the Corporation, as:
(i) the research component of that levy; and
(ii) amounts (if any) paid, on behalf of a person liable to pay that levy, by another person, in respect of the research component of that levy; and
(iii) amounts of penalty for non‑payment of that levy, to the extent that the penalty is attributable to the non‑payment of the research component of that levy; and
(b) subject to subsection (2) and sections 31 and 32, amounts equal to one‑half of the amounts required to be spent by the Corporation under section 33 (other than paragraph 33 (1)(d)).
Note: See also subsection 7(3) of the Plant Health Australia (Plant Industries) Funding Act 2002 , which provides that this Act applies to certain amounts of levy or charge (and related late payment penalty) to which that Act applies.
(2) No amounts are payable under paragraph (1)(b) to an R&D Corporation established in respect of the coal industry.
(3) Amounts payable under subsection (1), or under section 37 or 38, are to be paid out of the Consolidated Revenue Fund, which is appropriated accordingly.
(4) There are to be paid to an R&D Corporation to which no levy is attached the amounts from time to time appropriated for the purpose by the Parliament.
(5) This section does not apply in relation to an R&D Corporation established in respect of the fishing industry.
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