(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.