Commonwealth Consolidated Acts

PRIMARY INDUSTRIES AND ENERGY RESEARCH AND DEVELOPMENT ACT 1989 - SECT 32

             (1)  If a levy is attached to an R&D Corporation, the sum of the amounts that, during a particular financial year, are paid to the Corporation under paragraph 30(1)(b), in respect of amounts spent by the Corporation under section 33 for R&D activities in respect of the goods that are the produce of the primary industry or class of primary industries to which the levy relates, is not to exceed an amount equal to 0.5% of the amount that the Minister determines to be the gross value of production, for that financial year, of those goods.

             (2)  The regulations may provide for the manner in which the Minister is to determine the amount of the gross value of production of goods for a financial year.