Establishment of research and development corporations
8 Establishment of research and development corporations
The regulations may:
establish a research and development corporation with the name prescribed by the regulations; or
continue in existence a research and development corporation prescribed by the regulations.
29 Subsection 9(1)
Omit “(1)”.
30 Subsection 9(2)
Repeal the subsection.
31 Paragraph 11(a)
Omit “in relation to the primary industry or class of primary industries in respect of which it was established”, substitute “for each designated primary industry sector in relation to the Corporation”.
32 Paragraphs 11(c) and (d)
Omit “R&D activities”, substitute “research and development activities”.
33 Paragraph 11(da)
Omit “the primary industry or class of primary industries in respect of which the Corporation was established, of R&D activities”, substitute “each designated primary industry sector in relation to the Corporation, of research and development activities”.
34 Paragraph 11(e)
Omit “the primary industry or class of primary industries in respect of which the Corporation was established”, substitute “each designated primary industry sector in relation to the Corporation”.
35 Paragraph 11(ea)
Repeal the paragraph, substitute:
to carry out marketing activities under the Primary Industries Levies and Charges Disbursement Act 2024 for the benefit of designated primary industry sectors in relation to the Corporation; and
36 Paragraph 11(eb)
Omit “the primary industry or class of primary industries in respect of which the Corporation was established”, substitute “a designated primary industry sector in relation to the Corporation”.
37 Paragraphs 12(1)(a) and (b)
Omit “R&D”, substitute “research and development activities”.
38 Section 13 (heading)
Omit “R&D activities”, substitute “research and development activities”.
39 Paragraph 13(1)(a)
Repeal the paragraph, substitute:
research and development activities;
40 Paragraph 13(2)(c)
Omit “R&D activities”, substitute “research and development activities”.
41 Section 14 (heading)
Omit “R&D activities”, substitute “research and development activities”.
42 Paragraph 14(1)(a)
Repeal the paragraph, substitute:
research and development activities;
43 Paragraph 15(1)(a)
Omit “the primary industry or class of primary industries in respect of which the Corporation was established”, substitute “a designated primary industry sector in relation to the Corporation”.
44 Paragraph 15(1)(b)
Omit “primary industry or class of primary industries”, substitute “sector”.
45 Paragraph 25(2)(a)
Omit “of R&D”, substitute “of research and development activities”.
46 Subparagraphs 25(2)(c)(i) and (ii)
Repeal the subparagraphs, substitute:
the total amounts likely to be spent by the Corporation in respect of each broad grouping of research and development activities the Corporation proposes to fund during the financial year; and
the total of all other amounts likely to be spent by the Corporation during the financial year; and
47 Subparagraph 25(2)(c)(iv)
Omit “section 30, 30A or 30B”, substitute “the Primary Industries Levies and Charges Disbursement Act 2024”.
48 Subsection 25(3)
Omit “R&D or marketing activities that an R&D Corporation proposes to fund includes a reference to R&D”, substitute “research and development activities or marketing activities that an R&D Corporation proposes to fund includes a reference to research and development activities”.
49 Subparagraph 28(a)(i)
Omit “R&D activities”, substitute “research and development activities”.
50 Subparagraph 28(a)(iib)
Omit “on the primary industry or class of primary industries in respect of which the Corporation was established”, substitute “on each designated primary industry sector in relation to the Corporation”.
51 Sub‑subparagraph 29(b)(iii)(C)
Repeal the sub‑subparagraph.
52 Sections 30 to 32
Repeal the sections.
53 Subsection 33(1)
Omit “An”, substitute “Subject to this section, an”.
54 Paragraph 33(1)(a)
Omit “R&D activities” (wherever occurring), substitute “research and development activities”.
55 Paragraph 33(1)(a)
Omit “when payments are made”.
56 Paragraphs 33(1)(ca) to (da)
Repeal the paragraphs, substitute:
in payment to the Commonwealth of amounts payable under the Primary Industries Levies and Charges Disbursement Act 2024; and
57 After subsection 33(1)
Insert:
Money paid to an R&D Corporation under the Primary Industries Levies and Charges Disbursement Act 2024 may be spent by the R&D Corporation only in accordance with that Act.
58 Subsection 33(3)
Omit “After 30 June 2015, an”, substitute “An”.
59 Subsections 33(4) and (5)
Repeal the subsections.
60 Section 33A
Repeal the section.
61 Subsection 33B(2)
Omit “R&D activities”, substitute “research and development activities”.
62 Sections 33C to 39
Repeal the sections.
63 Subsection 40(1)
Omit “(1)”.
64 Subsection 40(2)
Repeal the subsection.
65 Section 56
Repeal the section, substitute:
This Act’s bill:Explanatory memorandumSecond reading speech
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