Statutory Rules

1978 No. 171

REGULATIONS UNDER THE INDUSTRIAL RESEARCH AND DEVELOPMENT INCENTIVES ACT 1976*

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Industrial Research and Development Incentives Act 1976.

Dated this thirteenth day of September 1978.

ZELMAN COWEN

Governor-General

By His Excellency’s Command,

Minister of State for Productivity

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AMENDMENTS OF THE INDUSTRIAL RESEARCH AND DEVELOPMENT INCENTIVES REGULATIONS†

Prescribed percentage of eligible expenditure for purposes of sub-paragraph 23 (2) (c) (i) of the Act

1. Regulation 3 of the Industrial Research and Development Incentives Regulations is amended by adding at the end thereof the following sub-regulation:

“ (2) For the purposes of sub-paragraph 23 (2) (e) (i) of the Act, the percentage prescribed in relation to the grant year that commenced on 1 July 1978 is 50 per centum.”.

Prescribed amount for purposes of sub-paragraph 23 (2) (e) (ii) of the Act

2. Regulation 4 of the Industrial Research and Development Incentives Regulations is amended by adding at the end thereof the following sub-regulation:

“ (2) For the purposes of sub-paragraph 23 (2) (e) (ii) of the Act, the amount prescribed in relation to the grant year that commenced on 1 July 1978 is $25,000.”.

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* Notified in the Commonwealth of Australia Gazette on 19 September 1978.

† Statutory Rules 1977, Nos. 16 and 123; and 1978, Nos. 112 and 157.

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