19Spending of amounts equal to research and development collected amounts

19 Spending of amounts equal to research and development collected amounts

(1) If a declared recipient body is paid amounts under section 15, then so much of those amounts as are equal to research and development collected amounts may be spent by the body only on matters covered by this section. Research and development activities (2) A matter is research and development activities, for a designated primary industry sector in relation to the body, where expenditure on those activities is: (a) for the benefit of that sector; and (b) in accordance with the body’s funding agreement; and (c) in accordance with the rules (if any). (3) Without limiting paragraph (2)(c), the rules may require expenditure by the body, of a part of the amounts equal to the research and development collected amounts, to be for the benefit of the designated primary industry sector prescribed by the rules. Commonwealth’s costs (4) A matter is making a payment to the Commonwealth under section 16 to the extent that the payment relates to: (a) meeting the Commonwealth’s costs in collecting or recovering the research and development collected amounts; or (b) meeting the Commonwealth’s costs in administering section 15 in relation to paying the amounts equal to the research and development collected amounts.

Note: Section 16 requires the body to pay to the Commonwealth amounts equal to those costs.

Refunds (5) A matter is making a payment to the Commonwealth under section 17 to the extent that the payment is attributable to a refund of an amount equal to the whole or a part of a research and development collected amount.

Note: Section 17 may require the body to pay to the Commonwealth amounts equal to certain refunds made by the Commonwealth.

Debts (6) A matter is making a payment of a debt (if any) mentioned in subsection 86(2), to the extent that the debt arose because of a purported payment under section 15 to the body of amounts equal to research and development collected amounts. Matters prescribed by the rules (7) A matter is any matter that is prescribed by the rules for the purposes of this subsection in relation to: (a) the body; and (b) a designated primary industry sector in relation to the body. The rules may provide that expenditure by the body on the matter is subject to any conditions prescribed by the rules.