Tax Laws Amendment (Research and Development) Act 2011 (93 of 2011)

Schedule 2   Innovation Australia's role

Part 1   Main amendment

Industry Research and Development Act 1986

28H   Board may request further information

(1) The Board may request in writing:

(a) for an application taken to be made by an R&D entity because of section 28B - the entity that acted on behalf of the R&D entity in relation to the application; or

(b) otherwise - the applicant;

to give specified information, or specified kinds of information, to the Board about the application.

(2) The request may be for the information or kinds of information to be given within:

(a) 30 days after the request was made; or

(b) a further period allowed by the Board in accordance with the decision-making principles.

Note 1: A refusal to allow a further period is reviewable (see Division 5).

Note 2: Section 32A deals with the decision-making principles.

Note 3: A failure by the entity to give the information may result in a refusal to make the finding.

(3) The request may be for the information or kinds of information to be given in the approved form.

Note: Section 32 deals with approved forms.

(4) Subsections (2) and (3) do not limit subsection (1).

Division 4 - Research service providers

Subdivision A - Introduction

29 Simplified outline

The following is a simplified outline of this Division:

• The Board may register entities as research service providers capable of providing research services to R&D entities.

• Near the end of each financial year, registered research service providers will be asked if they want their registrations to continue for the next financial year.

• Registrations can be varied and revoked.

• Details of registrations are set out in a register available on the internet.

Subdivision B - Registering research service providers