Industry Research and Development Act 1986
3Object of Act
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3 Object of Act
The object of this Act is to position Australia as a leading innovation nation by: (a) facilitating the provision of independent strategic advice about investment in industry, innovation, science and research; and (b) supporting and encouraging collaboration in the development and delivery of programs relating to industry, innovation, science and research; and (c) authorising spending on programs relating to industry, innovation, science and research; and (d) promoting the development, and improving the efficiency and international competitiveness, of Australian industry by encouraging R&D activities, innovation and science activities and venture capital activities.