Western Australian Repealed Acts

This legislation has been repealed.

INVENTIONS ACT 1975 - SECT 4

4 .         Minister may provide or arrange assistance in relation to inventions

        (1)         Where the Minister is of the opinion that an invention developed in the State is likely —

            (a)         to lead to the establishment of an industry in the State;

            (b)         to be of significant benefit to any industry already established in the State; or

            (c)         to be of advantage to the State in any other way,

                the Minister may provide, or arrange the provision of, assistance to any person undertaking the continued development, further development or exploitation of that invention.

        (2)         Assistance provided or arranged under this Act may include —

            (a)         financial assistance by way of grant or loan;

            (b)         practical assistance arranged by the Minister by agreement with the Minister administering any department or with the persons controlling and managing any statutory authority or with the persons controlling and maintaining any tertiary education institution;

            (c)         such advice or other form of assistance as the Minister considers appropriate.

        (3)         The Minister may in respect of financial assistance provided to a person under this Act —

            (a)         enter into an agreement with that person setting out the terms and conditions of that assistance;

            (b)         direct the amount to be paid by way of assistance and the manner and times of payments; and

            (c)         in the case of assistance rendered by way of loan, take such security by way of mortgage or otherwise as the Minister thinks fit and direct the rate of interest (if any) to be charged and the manner and times of repayments of moneys so lent.