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HIGHER EDUCATION SUPPORT ACT 2003 - SECT 42.1

Research commercialisation strategy

  (1)   The * AEA Advisory Board must make a written strategy, to be known as the research commercialisation strategy, to:

  (a)   outline the vision, aims and objectives for translation and commercialisation of university research in areas of national priority; and

  (b)   identify new and emerging technologies in areas of national priority; and

  (c)   identify and propose ways of addressing regulatory, financial and cultural barriers to translating and commercialising university research in areas of national priority.

Note:   For variation and revocation of a strategy, see subsection   33(3) of the Acts Interpretation Act 1901 .

  (1A)   The strategy must not be inconsistent with * Australia's greenhouse gas emissions reduction targets.

  (2)   The first strategy must be made as soon as practicable after this section commences. A subsequent strategy must be made and in force as soon as the current strategy ceases to be in force.

  (3)   A strategy is in force for 5 years.

  (4)   The * AEA Advisory Board must give a copy of a strategy to the Minister as soon as practicable after making it.

  (5)   The Minister must cause a copy of a strategy to be laid before each House of the Parliament.

  (6)   A strategy made under subsection   (1) is not a legislative instrument.



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