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

29F   Varying registrations - on application

(1) The Board may, by notice in writing given to a research service provider, vary the provider’s registration under section 29A if:

(a) the provider applies for the variation; and

(b) the Board is satisfied that the provider would still meet the criteria for registration referred to in subsection 29A(2) were the application to be successful.

Note: A refusal to vary is reviewable (see Division 5).

(2) An application for a variation must be:

(a) in the approved form; and

(b) accompanied by the fee (if any) specified in regulations made under section 48A for the purposes of this section.

Note: Section 32 deals with approved forms.

(3) Sections 29C and 29D apply to applications under this section in a way corresponding to the way those sections apply to applications under section 29B.

Note: This means the Board may request further information about the application for variation, and make inquiries about the application for variation.