Federal Register of Legislation - Australian Government

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No. 1 of 2003 Directions/Other as made
The purpose of this direction is to amend the Biotechnology Innovation Fund Directions No. 1 of 2002 (“Existing Direction”).
Administered by: Innovation, Industry, Science and Research
Registered 25 May 2009
Gazetted 08 Sep 2003
Date of repeal 09 Aug 2013
Repealed by Industry, Innovation, Climate Change, Science, Research and Tertiary Education (Spent and Redundant Instruments) Repeal Regulation 2013

Commonwealth of Australia

 

Industry Research and Development Act 1986

 

Biotechnology Innovation Fund

Direction No. 1 of 2003

 

 

I, IAN ELGIN MACFARLANE, Minister for Industry, Tourism and Resources of the Commonwealth of Australia, acting under subsection 20(1) of the Industry Research and Development Act 1986, give the following direction to the Industry Research and Development Board.

 

Dated   28 August 2003

 

IAN ELGIN MACFARLANE

Minister for Industry, Tourism and Resources

_____________________

 

 

PART 1 – AMENDMENTS TO BIOTECHNOLOGY INNOVATION FUND

                                                DIRECTIONS NO. 1 OF 2002

 

Citation

 

1.                  This direction may be cited as the Biotechnology Innovation Fund Direction No. 1 of 2003.

 

Commencement

 

2.                  This direction commences on the day on which particulars of the direction are signed and dated.

 

[NOTE: For the publication of the particulars, see s.20(3) of the Act.]

 

Purpose

 

3.                  The purpose of this direction is to amend the Biotechnology Innovation Funds Directions No. 1 of 2002 (“Existing Direction”).

 

Interpretation

 

4.                  Unless otherwise specified, all defined terms in this direction have the same meaning as in the Existing Direction.

 

Amendments

 

5.                  The following new definitions are inserted in subclause 4(1) of the Existing Direction:

 

Department means the Department of Industry, Tourism and Resources, and its successors;

 

PDF Board means the Pooled Development Funds Registration Board established under the Pooled Development Funds Act 1992.

 

Pre-Seed Fund means the program of that name administered by the Board under directions given by the Minister under section 20 of the Industry Research and Development Act 1986;

 

6.         The definitions of “Innovation Investment Fund” and “Pooled Development Funds” in subclause 4(1) of the Existing Direction are deleted in their entirety and replaced with the following:

 

            Innovation Investment Fund means the program of that name administered by the Board under directions given by the Minister under sections 19 and 20 of the Industry Research and Development Act 1986;

 

            Pooled Development Funds means the program established under the Pooled Development Funds Act 1992 for the registration and operation of funds called pooled development funds or PDFs;

 

7.         In subclause 9(4)(a) of the Existing Direction, the word “or” is deleted and replaced with “of”.

 

8.         Subclause 10(3)(a) of the Existing Direction is deleted in its entirety and replaced with the following:

 

            (a)        funding obtained by the applicant under a program administered or delivered by the Board, the PDF Board or the Department, except for the Innovation Investment Fund, the Pre-Seed Fund and Pooled Development Funds;