1 Name of Regulations
These Regulations are the Rural Industries Research and Development Corporation Amendment Regulations 2011 (No. 1).
2 Commencement
These Regulations commence on the day after they are registered.
3 Amendment of Rural Industries Research and Development Corporation Regulations 2000
Schedule 1 amends the Rural Industries Research and Development Corporation Regulations 2000.
Schedule 1 Amendment
(regulation 3)
[1] Part 2, after Division 11
insert
Division 12 Ginger levy
40 Definition
In this Division:
ginger industry means one of the primary industries mentioned in paragraph 6 (1) (a).
41 Attachment of ginger levy
(1) For paragraph 5 (1) (a) of the PIERD Act, the levy imposed by clause 9.2 of Part 9 of Schedule 27 to the Primary Industries (Excise) Levies Regulations 1999 is attached to the Corporation.
(2) For paragraph 5 (3) (a) of the PIERD Act, the entire levy is the research component of the levy.
(3) For paragraph 5 (3) (b) of the PIERD Act, the levy is for the ginger industry.
42 Accounting records for ginger levy
(1) For paragraph 40 (1) (a) of the PIERD Act, the Corporation must keep separate accounting records of the funding of R & D activities for the ginger industry.
(2) For paragraph 40 (1) (b) of the PIERD Act, the following amounts must be credited in the accounting records:
(a) amounts of ginger levy received by the Commonwealth under the Collection Act and paid to the Corporation under paragraph 30 (1) (a) of the PIERD Act;
(b) amounts paid to the Corporation by the Commonwealth under paragraph 30 (1) (b) of the PIERD Act;
(c) amounts received by the Corporation as contributions to the cost of R & D activities for the ginger industry;
(d) amounts received by the Corporation:
(i) from the sale of property paid for in relation to research and development for the ginger industry; or
(ii) from the sale of property produced in relation to research and development for the ginger industry; or
(iii) from dealing with patents for inventions made in relation to, or intellectual property resulting from, research and development for the ginger industry; or
(iv) for work paid for in relation to research and development for the ginger industry;
(e) amounts paid to the Corporation as interest on investment of an amount mentioned in any of paragraphs (a) to (d).
(3) For paragraph 40 (1) (b) of the PIERD Act, all amounts spent under section 33 of the PIERD Act for the ginger industry must be debited in the accounting records.
(4) For subsection 40 (2) of the PIERD Act, amounts credited in the accounting records under subregulation (2) may be spent only on R & D activities for the ginger industry.
