Commonwealth Consolidated Acts(1) Where:
(a) a levy becomes attached to an R&D Corporation; and
(b) immediately before becoming so attached, the levy was attached to another R&D Corporation (in this subsection called the other Corporation ); and
(c) after the levy becomes so attached, the other Corporation receives an amount:
(i) from the sale of property paid for; or
(ii) from the sale of property produced, or from dealing with patents in respect of inventions made, in the course of carrying out an R&D activity; or
(iii) in respect of work paid for;
by the spending of money under section 33 in connection with research and development relating to the primary industry or class of primary industries to which the levy relates;
the other Corporation must pay the amount to the first‑mentioned Corporation.
(2) Where:
(a) a levy becomes attached to an R&D Corporation; and
(b) immediately before becoming so attached, the levy was attached to an R&D Fund; and
(c) after the levy becomes so attached, the RIR&D Corporation receives an amount:
(i) from the sale of property paid for; or
(ii) from the sale of property produced, or from dealing with patents in respect of inventions made, in the course of carrying out an R&D activity; or
(iii) in respect of work paid for;
by the spending of money under section 112 in connection with research and development relating to the primary industry or class of primary industries to which the levy relates;
the RIR&D Corporation must pay the amount to the first‑mentioned R&D Corporation.
(3) Where 2 R&D Corporations are unable to agree on:
(a) whether one of them is required to pay money to the other under this section; or
(b) the amount of money that one of them is required to pay to the other under this section;
the amount (if any) that is required to be paid is an amount determined by the Minister.
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]