Commonwealth Numbered Acts

HORTICULTURAL RESEARCH AND DEVELOPMENT CORPORATION ACT 1987 No. 166 of 1987 - SECT 26

26. (1) The Corporation shall, as soon as practicable after the commencement
of this Part, prepare a research and development plan.

(2) The Corporation shall, in each financial year to which the research and
development plan relates and not later than 1 April, review and revise the
plan.

(3) The Corporation:

   (a)  may, at any other time, revise the research and development plan; and

   (b)  shall revise the research and development plan if the Minister
        requests it, in writing, to revise the plan and gives reasons for the
        request.

(4) The research and development plan as prepared under subsection (1) shall
include a statement of the objectives of the Corporation for:

   (a)  if the plan is prepared in the first 9 months of a financial year, the
        financial year in which the plan is prepared and the 4 subsequent
        financial years; or

   (b)  if the plan is prepared in the last 3 months of a financial year, the
        next financial year and the 4 subsequent financial years.

(5) The research and development plan as revised under subsection (2) shall
include a statement of the objectives of the Corporation for the financial
year immediately following the financial year in which the research and
development plan is revised and the 4 subsequent financial years.

(6) The research and development plan shall also outline the strategies and
policies that the Corporation intends to adopt in order to achieve its
objectives.

(7) The research and development plan, and a revision of the research and
development plan:

   (a)  shall be submitted to the Minister as soon as practicable after it is
        prepared; and

   (b)  has no effect until it is approved, in writing, by the Minister.

(8) Before preparing or revising the research and development plan, the
Corporation shall consult with eligible industry bodies.