Industry Research and Development Act 1986

S 21(1) amended by No 92 of 2020, s 3 and Sch 6 item 7, by omitting " who is an SES employee, or acting SES employee " after " assisting the Board " from para (e), effective 1 January 2021.

S 21(1) substituted by No 63 of 2016, s 3 and Sch 1 item 29, effective 20 October 2016. For application and transitional provisions, see note under Pt IV heading. S 21(1) formerly read:

21(1)
The Board may, by resolution, delegate to the Chairperson, another member or a member of the staff assisting the Board, all or any of its functions and powers, other than its functions or powers:

(a) for PDFs - to make or revoke registration declarations under the Pooled Development Funds Act 1992 ; and

(b) to register entities or revoke registration under Part 7A of the Pooled Development Funds Act 1992 ; and

(c) to register limited partnerships as VCLPs, ESVCLPs or AFOFs or revoke registration under Part 2 of the Venture Capital Act 2002 ; and

(d) to approve ESVCLPs ' investment plans, and their replacement plans, under Part 2 of the Venture Capital Act 2002 ; and

(e) to register entities as eligible venture capital investors or revoke registration under Part 3 of the Venture Capital Act 2002 ; and

(f) to make determinations under Part 4 of the Venture Capital Act 2002 .

S 21(1) substituted by No 164 of 2007, s 3 and Sch 12 item 28, effective 27 September 2007. S 21(1) formerly read:

21(1)
The Board may, by resolution, either generally or as otherwise provided by the resolution, delegate to the Chairperson, another member, a committee or a member of the staff assisting the Board, all or any of its powers under this Act, other than this power of delegation.

S 21(2) repealed by No 63 of 2016, s 3 and Sch 1 item 29, effective 20 October 2016. For application and transitional provisions, see note under Pt IV heading. S 21(2) formerly read:

21(2)
The Board may, by resolution, delegate to a committee all or any of its functions and powers (including those referred to in paragraphs (1)(a) to (f).

S 21(2) substituted by No 164 of 2007, s 3 and Sch 12 item 28, effective 27 September 2007. S 21(2) formerly read:

21(2)
A power so delegated, when exercised by the delegate, shall, for the purposes of this Act, be deemed to have been exercised by the Board.

S 21(3) amended by No 164 of 2007, s 3 and Sch 12 items 29 to 31, by inserting " function or " after " delegation of a " , substituting " function or power was delegated); and " for " power was delegated); " in para (a) and repealing para (b), effective 27 September 2007. Para (b) formerly read:

(b) does not prevent the exercise of the power by the Board; and

S 21(5) amended by No 164 of 2007, s 3 and Sch 12 item 32, by inserting " function or " after " delegation of a " , effective 27 September 2007.

S 21(7) repealed by No 164 of 2007, s 3 and Sch 12 item 33, effective 27 September 2007. S 21(7) formerly read:

21(7)
In this section, a reference to the Chairperson shall, if there is an acting Chairperson, be read as a reference to the acting Chairperson.

S 21(8) repealed by No 164 of 2007, s 3 and Sch 12 item 33, effective 27 September 2007. S 21(8) formerly read:

21(8)
In this section:

this Act
includes finance scheme guidelines.

S 21 amended by Nos 59 of 1988 and 224 of 1992.