sec.73Minister may give directions about intellectual property

sec.73 Minister may give directions about intellectual property

The Minister may give the authority a written direction about either of the following— a product— containing intellectual property held by the authority; or for which the authority holds a licence; a service provided by the authority that relates to a product mentioned in paragraph (a) . Without limiting subsection (1) , the direction may be about any of the following— the commercial exploitation of a product or service mentioned in subsection (1) ; the granting of a licence to the State; the conditions on which a licence is to be granted to the State, including a condition that no fee is payable by the State for the licence; that a licence not be granted to an entity other than the State; the receipt or payment of monies. The authority must comply with a direction given by the Minister under subsection (1) . In this section— commercially exploit includes sell. (sec.73-ssec.1) The Minister may give the authority a written direction about either of the following— a product— containing intellectual property held by the authority; or for which the authority holds a licence; a service provided by the authority that relates to a product mentioned in paragraph (a) . (sec.73-ssec.2) Without limiting subsection (1) , the direction may be about any of the following— the commercial exploitation of a product or service mentioned in subsection (1) ; the granting of a licence to the State; the conditions on which a licence is to be granted to the State, including a condition that no fee is payable by the State for the licence; that a licence not be granted to an entity other than the State; the receipt or payment of monies. (sec.73-ssec.3) The authority must comply with a direction given by the Minister under subsection (1) . (sec.73-ssec.4) In this section— commercially exploit includes sell.

• (a) a product— (i) containing intellectual property held by the authority; or (ii) for which the authority holds a licence;
• (i) containing intellectual property held by the authority; or
• (ii) for which the authority holds a licence;
• (b) a service provided by the authority that relates to a product mentioned in paragraph (a) .
• (i) containing intellectual property held by the authority; or
• (ii) for which the authority holds a licence;
• (a) the commercial exploitation of a product or service mentioned in subsection (1) ;
• (b) the granting of a licence to the State;
• (c) the conditions on which a licence is to be granted to the State, including a condition that no fee is payable by the State for the licence;
• (d) that a licence not be granted to an entity other than the State;
• (e) the receipt or payment of monies.