Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Where an R&D Corporation requests the Minister's approval for a variation of its R&D plan, and that plan is in force, the Corporation may also request the Minister's approval for the plan as varied to be in force until the end of 4 years beginning on the next 1 July after the day on which the variation takes effect.
(2) When making a request under subsection (1), the Corporation must provide the Minister with:
(a) a statement of its reasons for making the request; and
(b) such other information as the Minister requests.
(3) Where:
(a) a request is made under subsection (1); and
(b) the Minister approves a variation of the plan under subsection 21(6); and
(c) the Minister is satisfied that it is appropriate for the request under subsection (1) to be granted;
the Minister may, by notice in writing given to the Corporation, give his or her approval for the plan as varied to be in force until the end of 4 years beginning on the next 1 July after the day on which the variation takes effect.