Western Australian Current Acts Western Australian Current Acts In this Act —
advisory group means the advisory group
established and maintained under section 4G(1);
amendment day means the day on which the Western
Australian Future Fund Amendment (Future Health Research and Innovation Fund)
Act 2020 section 3 comes into operation;
arrangement means —
(a) a
contract, programme or scheme; or
(b) any
other type of arrangement;
CEO means the chief executive officer of the FHRI
Account Department;
department means a department of the Public
Service;
FHRI Account means the account called the Western
Australian Future Health Research and Innovation Account established under
section 4A;
FHRI Account Department means the department
principally assisting the Minister for Health in the administration of the
FHRI Account;
FHRI Fund means the account called the Western
Australian Future Health Research and Innovation Fund established under
section 5;
FHRI Fund Department means the department
principally assisting the Treasurer in the administration of the FHRI Fund;
forecast investment income , for a financial year,
means the estimate that —
(a) is
of the income that will be derived during the financial year from the
investment of money standing to the credit of the FHRI Fund; and
(b) is
set out in —
(i)
the part of the budget papers for the financial year,
tabled in the Legislative Assembly, that is titled “Economic and Fiscal
Outlook”; or
(ii)
if the regulations prescribe another part of those budget
papers — that other part; or
(iii)
if the budget papers for the financial year have not been
tabled in the Legislative Assembly before the commencement of the financial
year — the statement tabled under section 9B;
forecast royalty income , for a financial year,
means the estimate of royalty income for that financial year set out in
—
(a) the
part of the budget papers for the financial year, tabled in the Legislative
Assembly, that is titled “Economic and Fiscal Outlook”; or
(b) if
the regulations prescribe another part of those budget papers — that
other part;
Minister for Health —
(a)
means the Minister of the Crown to whom the administration of section 4A is
for the time being committed by the Governor; and
(b)
includes a Minister of the Crown for the time being acting for or on behalf of
the Minister referred to in paragraph (a);
Public Bank Account has the meaning given in the
Financial Management Act 2006 section 3;
qualifying activities means —
(a) any
type of —
(i)
medical research; or
(ii)
other research in the field of human health; or
(iii)
medical innovation; or
(iv)
other innovation in the field of human health;
or
(b) the
commercialisation, or other utilisation or development, of any products or
other outcomes of any research or innovation falling within paragraph (a).
[Section 3 amended: No. 22 of 2020 s. 7.]