Higher Education Support Act 2003

Chapter 2 - Grants for higher education assistance etc  

PART 2-3 - OTHER GRANTS  

Division 42 - Australia ' s Economic Accelerator  

Subdivision 42-A - Research commercialisation strategy and investment plan  

SECTION 42-1   Research commercialisation strategy  

42-1(1)    
The *AEA Advisory Board must make a written strategy, to be known as the research commercialisation strategy, to:

(a)    outline the vision, aims and objectives for translation and commercialisation of university research in areas of national priority; and

(b)    identify new and emerging technologies in areas of national priority; and

(c)    identify and propose ways of addressing regulatory, financial and cultural barriers to translating and commercialising university research in areas of national priority.

Note:

For variation and revocation of a strategy, see subsection 33(3) of the Acts Interpretation Act 1901 .

42-1(1A)    
The strategy must not be inconsistent with *Australia ' s greenhouse gas emissions reduction targets.

42-1(2)    
The first strategy must be made as soon as practicable after this section commences. A subsequent strategy must be made and in force as soon as the current strategy ceases to be in force.

42-1(3)    
A strategy is in force for 5 years.

42-1(4)    
The *AEA Advisory Board must give a copy of a strategy to the Minister as soon as practicable after making it.

42-1(5)    
The Minister must cause a copy of a strategy to be laid before each House of the Parliament.

42-1(6)    
A strategy made under subsection (1) is not a legislative instrument.