Commonwealth Consolidated Acts

WINE AUSTRALIA ACT 2013 - SECT 10B

  (1)   The Authority may enter into an agreement (including a joint venture agreement or a partnership agreement) with a person for grape or wine research and development activities to be carried out by the Authority and the person.

  (2)   The agreement must specify:

  (a)   the objectives of the grape or wine research and development activities; and

  (b)   the expected duration of the grape or wine research and development activities; and

  (c)   the nature and extent of the contribution to be made by the Authority towards the grape or wine research and development activities; and

  (d)   the basis for the distribution of profits and other benefits derived from the grape or wine research and development activities.

  (3)   Subsection   (2) does not limit the matters that may be included in the agreement.

  (4)   This section does not limit section   8.