Commonwealth Numbered Acts

INDUSTRY RESEARCH AND DEVELOPMENT ACT 1986 No. 89 of 1986 - SECT 46

46. (1) The Board shall, as soon as practicable after 30 June in each year
after 1986, prepare and give to the Minister a report on the activities of the
Board during the financial year that ended on that 30 June.

(2) A report under this section in relation to a financial year-

   (a)  shall contain an analysis of the effectiveness of the operations under
        this Act during the year in achieving the object of this Act, being an
        analysis that deals separately with discretionary grants agreements,
        generic technology grant agreements and national interest grant
        agreements;

   (b)  shall set out, in relation to each agreement under this Act entered
        into during the year-

        (i)    the name of the researcher, or each researcher, who is a party
               to the agreement;

        (ii)   the total amount of subsidy payable under the agreement;

        (iii)  the proportion of the expenditure on the project to which the
               agreement relates which is represented by that amount;

        (iv)   subject to section 47, particulars of the
               research and development activities to which the agreement
               relates;

        (v)    in the case of a generic technology grant agreement or a
               national interest agreement-the name of each researcher (other
               than natural persons and the parties to the agreement) who is
               expected to be involved in the project to which the agreement
               relates; and

        (vi)   in the case of agreements referred to in sub-paragraph
               (v)-subject to section 47, particulars of the expected
               commercial application of any results of the project to which
               the agreement relates;

   (c)  shall set out-

        (i)    the name of each researcher to whom subsidy was paid during the
               year; and

        (ii)   the amount of subsidy paid to each researcher in the year; and

   (d)  shall include particulars of any directions or other matter,
        particulars of which were published in the Gazette in accordance with
        this Act during the year.

(3) The Minister shall cause a copy of the report given under sub-section (1)
to be laid before each House of the Parliament within 15 sitting days of that
House after the day on which the Minister received the report.