Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Presiding Member of the Selection Committee for an R&D Corporation must, as soon as practicable after 30 June in each year, prepare and give to the Minister a report of the operations, during the immediately preceding financial year, of the Selection Committee (if any) established by the Presiding Member or another person who was the Presiding Member of the Selection Committee for the R&D Corporation.
(1AAA) Subsection (1) does not apply if the Selection Committee (if any) for the R&D Corporation did not conduct any operations during the immediately preceding financial year.
(1AA) Without limiting subsection (1), a report for a financial year must include an assessment of the processes undertaken by the Selection Committee (if any) for the R&D Corporation to identify the widest possible field of available candidates for nomination for appointment to the Corporation.
(1A) A report for a financial year may, subject to agreement between the Presiding Member and the Chairperson of the R&D Corporation concerned, be included, as a discrete part, in the Corporation's annual report for that financial year.
(2) If subsection (1A) does not apply to a report under this section, the Minister must cause a copy of the report to be laid before each House of the Parliament within 15 sitting days of that House after the Minister has received the report.
(3) Where the first appointment of a Presiding Member of a Selection Committee for an R&D Corporation does not commence on 1 July, subsection (1) has effect in relation to the period commencing on the day the appointment commences and ending on the next 30 June as if:
(a) where the period is less than 3 months--the period were included in the next financial year; or
(b) in any other case--the period were a financial year.
(4) In this section:
"R&D Corporation" includes a proposed Corporation within the meaning of section 135.