Higher Education Support Amendment (Australia's Economic Accelerator) Act 2023 (5 of 2023)

Schedule 1   Amendments

Higher Education Support Act 2003

3   At the end of Part 2-3

Add:

Division 42 - Australia's Economic Accelerator

Subdivision 42-A - Research commercialisation strategy and investment plan

42-1 Research commercialisation strategy

(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.

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

(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.

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

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

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

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

42-5 Investment plan

(1) The *AEA Advisory Board must, in relation to each year, formulate written policies for the *Australia's Economic Accelerator program, dealing with the following matters in relation to the year:

(a) areas of national priority;

(b) the total amount of funding available;

(c) any other matters the AEA Advisory Board considers appropriate to deal with to ensure the program meets the program's objectives.

(2) The *AEA Advisory Board must ensure that the policies are consistent with the research commercialisation strategy in force under section 42-1.

(3) A member of the *AEA Advisory Board, or a person performing functions or exercising powers under the *Australia's Economic Accelerator program, must not act inconsistently with policies formulated under subsection (1).

Subdivision 42-B - Advisory Board

42-10 Australia's Economic Accelerator Advisory Board

The Australia's Economic Accelerator Advisory Board ( AEA Advisory Board ) is established.

42-15 Functions of the AEA Advisory Board

The *AEA Advisory Board has the following functions:

(a) to advise the Minister in relation to translation and commercialisation of university research;

(b) to advise the Minister in relation to the *Australia's Economic Accelerator program, including in relation to objectives, conditions of eligibility and conditions of grants;

(c) to oversee the performance of functions by priority managers engaged under section 42-75;

(d) any other functions conferred on the *AEA Advisory Board by this Act or the Other Grants Guidelines;

(e) to do anything incidental or conducive to the performance of the above functions.

42-20 Annual report

(1) The *AEA Advisory Board must, as soon as practicable after the end of each financial year, prepare and give to the Minister, for presentation to the Parliament, a report on the AEA Advisory Board's operations during the year.

Note: See also section 34C of the Acts Interpretation Act 1901, which contains provisions about annual reports.

(2) The report must include details of:

(a) achievements and outcomes in translating and commercialising university research in areas of national priority; and

(b) regulatory, financial and cultural barriers to translating and commercialising university research in areas of national priority and proposed ways of addressing them.

42-25 Membership of the AEA Advisory Board

The *AEA Advisory Board consists of the following members:

(a) the Chair;

(b) the Deputy Chair;

(c) not fewer than 4, and not more than 6, other members.

42-30 Appointment of members of the AEA Advisory Board

(1) Members of the *AEA Advisory Board are to be appointed, on a part-time basis, by the Minister by written instrument.

(2) A member holds office for the period specified in the instrument of appointment. The period must not exceed 5 years.

Note: Subject to subsection (3), a member may be reappointed - see section 33AA of the Acts Interpretation Act 1901.

(3) A member cannot be appointed for more than 3 consecutive periods.

(4) The Minister must appoint one member to be the Chair and another to be the Deputy Chair.

(5) The Minister must ensure that the members collectively:

(a) possess experience and knowledge in research and its translation and commercialisation; and

(b) represent the sectors of government, industry, business and research.

42-35 Acting AEA Advisory Board members

Acting by operation of law

(1) The Deputy Chair of the *AEA Advisory Board is to act as the Chair of the AEA Advisory Board:

(a) during a vacancy in the office of Chair (whether or not an appointment has previously been made to the office); or

(b) during any period, or during all periods, when the Chair:

(i) is absent from duty; or

(ii) is, for any reason, unable to perform the duties of the office.

Note: For rules that apply to persons acting as the Chair, see section 33A of the Acts Interpretation Act 1901.

Acting appointments

(2) The Minister may, by written instrument, appoint a member to act as the Deputy Chair of the *AEA Advisory Board:

(a) during a vacancy in the office of Deputy Chair of the AEA Advisory Board (whether or not an appointment has previously been made to the office); or

(b) during any period, or during all periods, when the Deputy Chair of the AEA Advisory Board:

(i) is acting as the Chair of the AEA Advisory Board; or

(ii) is absent from duty; or

(iii) is, for any reason, unable to perform the duties of the office.

Note: For rules that apply to acting appointments, see sections 33AB and 33A of the Acts Interpretation Act 1901.

(3) The Minister may, by written instrument, appoint a person to act as a member (other than the Chair or Deputy Chair) of the *AEA Advisory Board:

(a) during a vacancy in the office of a member (whether or not an appointment has previously been made to the office); or

(b) during any period, or during all periods, when a member:

(i) is acting as the Deputy Chair; or

(ii) is absent from duty; or

(iii) is, for any reason, unable to perform the duties of the office.

Note: For rules that apply to acting appointments, see sections 33AB and 33A of the Acts Interpretation Act 1901.

Experience and knowledge etc. of acting members

(4) Subsection 42-30(5) applies to an appointment under this section in the same way as it applies to an appointment under section 42-30.

42-40 Remuneration and allowances

(1) A member of the *AEA Advisory Board is to be paid the remuneration that is determined by the Remuneration Tribunal. If no determination of that remuneration by the Tribunal is in operation, the member is to be paid the remuneration that is prescribed by rules made under subsection (4).

(2) A member of the *AEA Advisory Board is to be paid the allowances that are prescribed by rules made under subsection (4).

(3) This section has effect subject to the Remuneration Tribunal Act 1973.

(4) The Minister may, by legislative instrument, make rules prescribing matters for the purposes of this section.

42-45 Leave of absence

The Minister may grant leave of absence to a member of the *AEA Advisory Board on the terms and conditions that the Minister determines.

42-50 Disclosure of interests to the Minister

A member of the *AEA Advisory Board must give written notice to the Minister of any direct or indirect pecuniary interest that the member has or acquires and that conflicts or could conflict with the proper performance of the member's functions.

42-55 Disclosure of interests to the AEA Advisory Board

(1) A member of the *AEA Advisory Board who has an interest, pecuniary or otherwise, in relation to either of the following must disclose the nature of the interest to a meeting of the AEA Advisory Board:

(a) a decision by the AEA Advisory Board to recommend, or not recommend, approval of a grant under the *Australia's Economic Accelerator program;

(b) another matter being considered or about to be considered by the AEA Advisory Board.

(2) The disclosure must be made as soon as possible after the relevant facts have come to the member's knowledge.

(3) The disclosure must be recorded in the minutes of the meeting of the *AEA Advisory Board.

(4) Unless the *AEA Advisory Board determines otherwise, the member:

(a) must not be present during any deliberation by the AEA Advisory Board on the matter; and

(b) must not take part in any decision of the AEA Advisory Board with respect to the matter.

(5) For the purposes of making a determination under subsection (4), the member:

(a) must not be present during any deliberation of the *AEA Advisory Board for the purpose of making the determination; and

(b) must not take part in making the determination.

(6) A determination under subsection (4) must be recorded in the minutes of the meeting of the *AEA Advisory Board.

42-60 Resignation

(1) A member of the *AEA Advisory Board may resign the member's appointment by giving the Minister a written resignation.

(2) The resignation takes effect on the day it is received by the Minister or, if a later day is specified in the resignation, on that later day.

42-65 Termination

The Minister may terminate the appointment of a member of the *AEA Advisory Board for misbehaviour, or if any of the following applies:

(a) the member is unable to perform the duties of the member's office because of physical or mental incapacity;

(b) the member:

(i) becomes bankrupt; or

(ii) applies to take the benefit of any law for the relief of bankrupt or insolvent debtors; or

(iii) compounds with the member's creditors; or

(iv) makes an assignment of the member's remuneration for the benefit of the member's creditors;

(c) the member is absent, except on leave of absence, from 3 consecutive meetings of the AEA Advisory Board;

(d) the member fails, without reasonable excuse, to comply with section 42-50 or 42-55 (which deal with the disclosure of interests).

42-70 Other terms and conditions

A member of the *AEA Advisory Board holds office on the terms and conditions (if any) in relation to matters not covered by this Act that are determined, in writing, by the Minister.

Subdivision 42-C - Priority managers

42-75 Priority managers

(1) The Secretary may, on behalf of the Commonwealth, engage persons to be known as priority managers:

(a) to perform any functions conferred by the Other Grants Guidelines on priority managers in relation to the *Australia's Economic Accelerator program; and

(b) to provide technical and specialist advisory services to assist the *AEA Advisory Board in performing any functions conferred by the Guidelines on the Board in relation to the Australia's Economic Accelerator program.

(2) The persons are to be engaged on the terms and conditions that the Secretary determines.