2ASimplified outline of this Act

#### 2A Simplified outline of this Act Establishment of research and development corporations The Rural Industries Research and Development Corporation is established and the regulations may establish, or continue in existence, other research and development corporations. Those corporations have various functions and powers. They must have R&D plans and annual operational plans. Finance The Primary Industries Levies and Charges Disbursement Act 2024 provides for payments to those corporations. Under that Act: (a) the Commonwealth must pay to those corporations amounts connected with various levies and charges collected under rules made under the Primary Industries Levies and Charges Collection Act 2024; and (b) those corporations must spend the payments on various activities, including research and development activities and marketing activities for the benefit of primary industries; and (c) the Commonwealth must also make matching payments to those corporations, based on amounts of expenditure on research and development activities or certain other activities by those corporations and on gross value of production amounts; and (d) those corporations must spend the matching payments on various activities, including research and development activities for the benefit of primary industries. Directors This Act provides for directors of those corporations and for the appointment process for those directors, including the use of Selection Committees.