Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)

Schedule 12   Innovation Australia

Part 1   Main amendments

Industry Research and Development Act 1986

39   Subsection 22A(1)

Repeal the subsection, substitute:

(1) A committee may, by resolution, delegate to a member of the committee or to a member of the staff assisting the committee all or any of its functions and powers (including a function or power delegated to the committee by the Board under subsection 21(2), despite paragraph 34AB(b) of the Acts Interpretation Act 1901).

(1A) However, a committee must not delegate a function or power that:

(a) is referred to in paragraph 21(1)(a), (b), (c), (d), (e) or (f); and

(b) was delegated to the committee by the Board under subsection 21(2).