Industry Research and Development Act 1986
PART II
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ADMINISTRATION
SECTION 7
7
FUNCTIONS OF BOARD
The functions of the Board are:
(aa) to provide independent strategic advice to the Secretary, the Minister and other Ministers in relation to industry, innovation, science and research matters; and
(ab) to undertake audits of, and prepare, review and amend plans in relation to, industry, innovation, science and research matters; and
(ac) to promote investment in industry, innovation, science and research; and
(ad) to commission and publish research in relation to industry, innovation, science and research matters; and
(aaa) (Repealed by No 63 of 2016)
(a) such functions as are conferred on it by a provision of this Act (other than this section); and
(b) to evaluate, and to advise the Minister about, the Pooled Development Funds Act 1992 and the Venture Capital Act 2002 , and the Commonwealth ' s income tax laws as they operate in relation to those Acts; and
(b) (Repealed by No 15 of 2004)
(c) such functions as are conferred on it by the Pooled Development Funds Act 1992 , the Venture Capital Act 2002 or any other Act; and
(ca) to give information it obtains under Part 2 , 3 or 4 of the Venture Capital Act 2002 to the Commissioner for the purposes of implementing and administering the taxation law (within the meaning of the Taxation Administration Act 1953 ); and
(d) to do anything incidental or conducive to the performance of any of the above functions.
The functions of the Board are:
(aa) to provide independent strategic advice to the Secretary, the Minister and other Ministers in relation to industry, innovation, science and research matters; and
(ab) to undertake audits of, and prepare, review and amend plans in relation to, industry, innovation, science and research matters; and
(ac) to promote investment in industry, innovation, science and research; and
(ad) to commission and publish research in relation to industry, innovation, science and research matters; and
(aaa) (Repealed by No 63 of 2016)
(a) such functions as are conferred on it by a provision of this Act (other than this section); and
(b) to evaluate, and to advise the Minister about, the Pooled Development Funds Act 1992 and the Venture Capital Act 2002 , and the Commonwealth ' s income tax laws as they operate in relation to those Acts; and
(b) (Repealed by No 15 of 2004)
(c) such functions as are conferred on it by the Pooled Development Funds Act 1992 , the Venture Capital Act 2002 or any other Act; and
(ca) to give information it obtains under Part 2 , 3 or 4 of the Venture Capital Act 2002 to the Commissioner for the purposes of implementing and administering the taxation law (within the meaning of the Taxation Administration Act 1953 ); and
(d) to do anything incidental or conducive to the performance of any of the above functions.
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