Commonwealth Numbered Acts

AUSTRALIAN WOOL RESEARCH AND PROMOTION ORGANISATION ACT 1993 No. 63 of 1993 - SECT 19

19. (1) The Organisation may enter into an agreement under which the other
party to the agreement will carry out research and development activities
relating to the wool industry.

(2) Without limiting the matters that may be included in the agreement, the
agreement may:

   (a)  provide for money paid under the agreement, and any property or goods
        acquired or produced under the agreement, to be used for the purposes
        specified in the agreement; and

   (b)  require the other party to the agreement to pay to the Organisation an
        amount equal to the whole or such part as the Organisation determines
        of the money paid under the agreement if any of the money, property or
        goods referred to in paragraph (a) are used otherwise than in
        accordance with the agreement; and

   (c)  make provision with respect to:

        (i)    the assignment of inventions and interests in inventions; and

        (ii)   applications for patents for inventions; and

        (iii)  the commercial exploitation of patented inventions; and

        (iv)   the grant of licences in relation to patented inventions; made
               in the course of research and development activities or with
               money provided under an agreement made under this section; and

   (d)  require the other party to pay to the Organisation an amount equal to
        the whole or such part as the Organisation determines of any net
        income derived by the party from money, property or goods referred to
        in paragraph (a) or patents or interests referred to in paragraph (c);
        and

   (e)  provide for the assignment to the Organisation of any money, property,
        goods, patents or interests referred to in paragraph (a) or (c); and

   (f)  require the person to pay to the Organisation an amount of money
        determined by the Organisation in accordance with the agreement in the
        event of the disposal (otherwise than to the Organisation) of any
        property, goods, patents or interests referred to in paragraph (a) or
        (c).

(3) Nothing in this section limits the powers of the Organisation under
section 7.