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

29H   Revoking registrations

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

(a) that the provider has ceased to meet the criteria for registration referred to in subsection 29A(2); or

(b) that the provider has breached a condition, referred to in subsection 29A(3), of the registration.

Note 1: A decision to revoke under this subsection is reviewable (see Division 5).

Note 2: This subsection will cease to apply if the revocation is set aside on review (see Division 5).

Note 3: Revocation can also happen under subsection 29E(2) if the provider does not appropriately indicate that it wishes to continue to be registered for the next financial year.

(2) The Board may, by notice in writing given to a research service provider, revoke the provider’s registration under section 29A if the provider requests the Board to do so.

(3) A request for a revocation under subsection (2) must be in the approved form.

Note: Section 32 deals with approved forms.

Subdivision E - Register of research service providers