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PGPA Act Determination (Biomedical Translation Fund Special Account 2023)
8Purposes of the special account
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8 Purposes of the special account
For paragraph 78(1)(c) of the Act, the purposes of the special account, in relation to which amounts may be debited from the special account, are:
to provide capital to promote the commercialisation of biomedical discoveries in accordance with the Biomedical Translation Fund Programme Guidelines;
to carry out activities that are incidental to the purpose in paragraph (a), including dealing with direct and indirect costs;
to repay amounts where a court order, Act or other law requires or permits the repayment of an amount received; and
to reduce the balance of the special account (and, therefore, the available appropriation for the special account) without making a real or notional payment.