R&D plans
19 R&D plans
An R&D Corporation must prepare, in written form, an R&D plan for each successive period referred to in subsections (3) and (4).
An R&D Corporation’s R&D plan is to include:
a statement of the Corporation’s objectives and priorities for the period to which the plan is expressed to relate; and
an outline of the strategies that the Corporation intends to adopt in order to achieve those objectives.
The first R&D plan is to be expressed to relate to:
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
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.
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.
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