Commonwealth Numbered Acts

INDUSTRIAL RESEARCH AND DEVELOPMENT INCENTIVES AMENDMENT ACT 1981 No. 44 of 1981 - SECT 19

19. (1) Section 23 of the Principal Act is amended by inserting after
sub-section (2) the following sub-section -



"(2A) A grant is not payable under this section to a company in respect of
eligible expenditure of the company in respect of the grant year that
commenced on 1 July 1978, or any succeeding grant year, unless the eligible
expenditure of the company in respect of that grant year consists of, or
includes, one of the following amounts:

   (a)  an amount of eligible contract expenditure that exceeds $1,500;

   (b)  any amount of eligible salary expenditure.".

(2) Section 23 of the Principal Act is amended -

   (a)  by omitting from paragraph (2) (b) "or mining operations" and
        substituting", mining operations or construction operations"; and

   (b)  by adding at the end thereof the following sub-section:



"(4) The Board shall not authorize a grant of financial assistance under
sub-section (1) in respect of expenditure on ineligible software research and
development.".

(3) Section 23 of the Principal Act is amended -

   (a)  by omitting from paragraph (2) (d) "or" (last occurring);

(b) by omitting from paragraph (2) (e) "other grant year" and substituting

"of the next 4 succeeding grant years";

   (c)  by adding at the end of sub-section (2) the following paragraphs:

";(f) in the case of the grant year commencing on 1 July 1981 - whichever is
the lesser of an amount equal to 50 per centum of the eligible expenditure of
the company in respect of the grant year or $40,000; or



"(g) in the case of any other grant year - whichever is the lesser of the
following amounts:-

        (i)    an amount equal to such percentage of the eligible expenditure
               of the company in respect of the grant year as is prescribed in
               relation to that grant year, being a percentage that does not
               exceed 50 per centum;

        (ii)   such amount as is prescribed in relation to that grant year,
               being an amount that does not exceed $40,000."; and

   (d)  by omitting paragraph (2A) (a) and substituting the following
        paragraph:



"(a) an amount of eligible contract expenditure that exceeds -

        (i)    in the case of the grant year that commenced on 1 July 1978 or
               any of the next 2 succeeding grant years - $1,500; or

        (ii)   in the case of the grant year commencing on 1 July 1981 or any
               succeeding grant year - $2,000;".