Commonwealth Consolidated Acts

PRIMARY INDUSTRIES RESEARCH AND DEVELOPMENT ACT 1989 - SECT 19

  (1)   An R&D Corporation must prepare, in written form, an R&D plan for each successive period referred to in subsections   (3) and (4).

  (2)   An R&D Corporation's R&D plan is to include:

  (a)   a statement of the Corporation's objectives and priorities for the period to which the plan is expressed to relate; and

  (b)   an outline of the strategies that the Corporation intends to adopt in order to achieve those objectives.

  (3)   The first R&D plan is to be expressed to relate to:

  (a)   if the R&D Corporation is established in the first 9 months of a financial year--that financial year and the 4 subsequent financial years; or

  (b)   if the R&D Corporation is established in the last 3 months of a financial year--the next financial year and the 4 subsequent financial years.

  (4)   Each subsequent R&D plan is to be expressed to relate to the period of 5 years commencing at the end of the period to which the immediately preceding R&D plan relates.