Commonwealth Consolidated Acts

PRIMARY INDUSTRIES AND ENERGY RESEARCH AND DEVELOPMENT ACT 1989 - SECT 33

             (1)  An R&D Corporation's money may be spent only:

                     (a)  for the purpose of funding R&D activities included in the broad groupings of R&D activities specified in an annual operational plan prepared by the Corporation and in force when payments are made; and

                     (b)  in payment or discharge of the expenses and liabilities incurred by the Corporation in the performance of its functions or the exercise of its powers; and

                     (c)  in payment of remuneration and allowances payable:

                              (i)  under sections 68 and 81 to the Corporation's directors; or

                             (ii)  under section 89 to members of committees established by the Corporation under that section; and

                     (d)  in payment to the Commonwealth of amounts payable under section 34; and

                    (da)  in payment to the Commonwealth of amounts payable under subsection 18(3) of the Primary Industries Levies and Charges Collection Act 1991 ; and

                     (e)  in payment of amounts in respect of expenses (including the payment of remuneration and allowances) incurred by a Selection Committee in performing its function, and exercising its powers, in relation to the selection of directors for appointment to the Corporation; and

                      (f)  in making any other payments that the Corporation is authorised or required to make under this Act.

             (2)  An R&D Corporation is liable to pay the expenses, and discharge the liabilities, incurred by a Selection Committee in connection with the performance of its function, and the exercise of its powers, in relation to the selection of directors for appointment to the Corporation.