Commonwealth Consolidated Acts

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PRIMARY INDUSTRIES RESEARCH AND DEVELOPMENT ACT 1989 - SECT 5

Levies attached to R&D Corporations

  (1)   For the purposes of this Act, a levy is attached to an R&D Corporation if, and only if, the levy has, or is included in a class of levies that has:

  (a)   been declared by the regulations to be attached to the Corporation; and

  (b)   not ceased, because of section   6, to be attached to the Corporation.

  (2)   For the purposes of this Act, a class of levies is attached to an R&D Corporation if, and only if, the class:

  (a)   has been declared by the regulations to be attached to the Corporation; and

  (b)   has not ceased, because of section   6, to be attached to the Corporation.

  (3)   If a levy or class of levies is declared by the regulations to be so attached, the regulations must declare:

  (a)   the whole or a specified proportion of the levy, or of each levy included in the class, as the case may be, to be the research component of the levy; and

  (aa)   the specified proportion (if any) of the levy, or of each levy included in the class, as the case may be, to be the marketing component of the levy; and

  (b)   a primary industry or class of primary industries to be the primary industry or class of primary industries to which the levy, or each levy included in the class, relates, being a primary industry or class of primary industries in respect of which the Corporation is established.



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