Federal Register of Legislation - Australian Government

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No.1 of 1999 Directions/Other as made
This Direction provides an additional function to the IR&D Board in administering Round Two of the IIF program. The function includes investment in, or provision of finance to, managed funds to invest in, or provide finance to, eligible investee companies.
Administered by: Industry
Exempt from sunsetting by the Legislative Instruments Act 2003 s 54(2) item 46
Registered 29 Oct 2008
Gazetted 08 Dec 1999
Date of repeal 19 Mar 2014
Repealed by Spent and Redundant Instruments Repeal Regulation 2014

Commonwealth of Australia

 

Industry, Research and Development Act 1986

 

 

Innovation Investment Fund program Round Two

(Additional Function of the IR&D Board)

Direction No. 1 of 1999

 

I, NICHOLAS HUGH MINCHIN, Minister for Industry, Science and Resources of the Commonwealth of Australia acting under subsection 19(1) of the Industry Research and

Development Act 1986, give the following direction to the Industry Research and Development

Board.

 

 

Dated 26 November 1999.

 

 

NICK MINCHIN

Minister for Industry, Science and Resources

 

                   

 

 

Name of Direction

              1.    This Direction is the Innovation Investment Fund program Round Two (Additional Function of the IR&D Board) Direction No. 1 of 1999.

 

Commencement

              2.    This Direction commences on the day on which the Direction is published in the Gazette.

 

Direction

              3.    (1)  An additional function of the Board is to administer Round Two of the Innovation Investment Fund program.

 

              (2)   The function includes investment in, or provision of finance to, managed funds to invest in, or provide finance to, companies that are eligible investee companies as defined in the IIF program (Round Two), Policies and Practices Direction No. 1 of 1999, as amended from time to  time.

 

              (3)   The IIF program, Policies and Practices Direction No. 1 of 1997 do not apply to   Round Two of the Innovation Investment Fund program.