(1) The * AEA Advisory Board must, in relation to each year, formulate written policies for the * Australia's Economic Accelerator program, dealing with the following matters in relation to the year:
(a) areas of national priority;
(b) the total amount of funding available;
(c) any other matters the AEA Advisory Board considers appropriate to deal with to ensure the program meets the program's objectives.
(2) The * AEA Advisory Board must ensure that the policies are consistent with the research commercialisation strategy in force under section 42 - 1.
(3) A member of the * AEA Advisory Board, or a person performing functions or exercising powers under the * Australia's Economic Accelerator program, must not act inconsistently with policies formulated under subsection (1).