Commonwealth Numbered Acts

INDUSTRY RESEARCH AND DEVELOPMENT ACT 1986 No. 89 of 1986 - SECT 32

32. (1) There shall be specified in a generic technology grant agreement-

   (a)  the financial year or years in which any generic technology grant is,
        or generic technology grants are, to be paid under the agreement; and

   (b)  the amount of the generic technology grant, or the aggregate of the
        amounts of the generic technology grants, payable under the agreement
        in that year or in each of those years.

(2) A generic technology grant agreement may be made in relation to a project
in an area of technology which was an area of generic technology when the
application for the generic technology grant in relation to the project was
made but which has ceased to be an area of generic technology.