Commonwealth Consolidated Acts

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PRIMARY INDUSTRIES RESEARCH AND DEVELOPMENT ACT 1989 - SECT 40

Separate accounting records

  (1)   The regulations may:

  (a)   require an R&D Corporation to keep separate accounting records in relation to the funding of specified classes of activities; and

  (b)   specify the amounts to be credited and debited in the accounting records and the manner in which the amounts are to be calculated.

  (2)   Where the regulations require an R&D Corporation to keep separate accounting records in relation to the funding of classes of activities, the regulations may make provision in relation to the expenditure of money to which the accounting records relate.



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