Commonwealth Consolidated Acts

INDUSTRY RESEARCH AND DEVELOPMENT ACT 1986 - SECT 34

  (1)   The Commonwealth may make, vary or administer an arrangement:

  (a)   in relation to the carrying out of activities by a person under a program prescribed by legislative instrument under subsection   33(1); and

  (b)   for money to be payable by the Commonwealth to the person for that purpose.

  (2)   The power conferred on the Commonwealth by subsection   (1) may be exercised on behalf of the Commonwealth by a Minister or an accountable authority of a non - corporate Commonwealth entity.

Note:   For the power to delegate, see section   36.

  (3)   In this section:

"administer" an arrangement includes give effect to.

"arrangement" includes contract, agreement or deed.

"make" an arrangement includes enter into.

"vary" an arrangement means:

  (a)   vary in accordance with the terms or conditions of the arrangement; or

  (b)   vary with the consent of the non - Commonwealth party or parties to the arrangement.