CTHRepealedLegislation
R & D Start Program (Additional Function of the IR&D Board) Direction No. 1 of 1996 (Amendment No. 1 of 1997)
Clause 3 (Interpretation)Clause 3 (Interpretation)
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Get a plain-English read of Clause 3 (Interpretation)
Turn the raw legal text into a practical explanation grounded in R & D Start Program (Additional Function of the IR&D Board) Direction No. 1 of 1996 (Amendment No. 1 of 1997).
Clause 3 (Interpretation)
- Under "R&D Start Program", following paragraph (f) insert:
"(g) Investment in or provision of finance to managed funds to invest in or provide finance to early stage companies based on new technology;"
Clause 4 (Additional function of the Board)
- Omit paragraph 4(1)(c), and insert:
"(c) to authorise payments by way of grant, investment, loan or other financial accommodation made by the Commonwealth;"