10Definition of research and development

10 Definition of research and development

(1) Research and development, for a designated primary industry sector in relation to a declared recipient body or a statutory recipient body, is the systematic experimentation or analysis in any field of science, technology, economics or business carried out with the object of: (a) acquiring knowledge that may be of use in achieving or furthering an objective of that sector; or (b) applying such knowledge for the purpose of achieving or furthering an objective of that sector. (2) Without limiting subsection (1), the systematic experimentation or analysis in a field referred to in that subsection includes the study of the social or environmental consequences of adopting technical developments, innovations or technology. (3) Without limiting paragraph (1)(a) or (b), an objective of a sector is improving: (a) the productivity of that sector; or (b) any aspect of the production, processing, storage, transport or marketing of goods that are the produce, or that are derived from the produce, of that sector.