Commonwealth legislation

Science and Industry Research (Gifts, Trusts and Contracts) Regulations 2000

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

316 of 2000

Collection

legislative instrument

Plain English Summary

1/10 complexity

What it does

These Regulations set a single financial threshold of $5 million for Australia's national science agency (CSIRO) when handling:

Gifts and trusts – accepting donations or holding money on behalf of others (under section 9A of the Science and Industry Research Act 1949)
Contracts – paying or receiving money under commercial or research agreements (under section 50 of that Act)

Who it affects

Mainly CSIRO management and staff who negotiate funding, partnerships, or donations. It also affects donors and commercial partners dealing with the agency.

Why it matters

This $5 million figure acts as a trigger point. Deals below this amount can usually be approved internally by CSIRO, while those at or above it typically require sign-off from the Minister or other higher authority. The Regulations also clean up the rulebook by repealing the old 1990 contract regulations.

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Current sections

Direct links to the current provisions in Science and Industry Research (Gifts, Trusts and Contracts) Regulations 2000.

Science and Industry Research (Gifts, Trusts and Contracts) Regulations 2000

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Science and Industry Research (Gifts, Trusts and Contracts) Regulations 2000

Statutory Rules 2000 No. 3161

I, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Science and Industry Research Act 1949.

Dated 22 November 2000

WILLIAM DEANE

Governor-General

By His Excellency's Command

NICK MINCHIN

Minister for Industry, Science and Resources

1 Name of Regulations

These Regulations are the Science and Industry Research (Gifts, Trusts and Contracts) Regulations 2000.

2 Commencement

These Regulations commence on gazettal.

3 Science and Industry Research (Contracts) Regulations — repeal

Statutory Rules 1990 No. 330 is repealed.

4 Definition

In these Regulations:

Act means the Science and Industry Research Act 1949.

5 Acceptance of gifts etc and holding money etc on trust

For subsection 9A (1A) of the Act, the amount is $5 000 000.

6 Payment or receipt of consideration for contracts

For section 50 of the Act, the amount is $5 000 000.

Note

Note: 1. Notified in the Commonwealth of Australia Gazette on 29 November 2000.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Science and Industry Research (Gifts, Trusts and Contracts) Regulations 2000

Science and Industry Research (Gifts, Trusts and Contracts) Regulations 2000

Statutory Rules 2000 No. 3161

Dated 22 November 2000

WILLIAM DEANE

Governor-General

By His Excellency's Command

NICK MINCHIN

Minister for Industry, Science and Resources

1 Name of Regulations

These Regulations are the Science and Industry Research (Gifts, Trusts and Contracts) Regulations 2000.

2 Commencement

These Regulations commence on gazettal.

3 Science and Industry Research (Contracts) Regulations — repeal

Statutory Rules 1990 No. 330 is repealed.

4 Definition

In these Regulations:

Act means the Science and Industry Research Act 1949.

5 Acceptance of gifts etc and holding money etc on trust

For subsection 9A (1A) of the Act, the amount is $5 000 000.

6 Payment or receipt of consideration for contracts

For section 50 of the Act, the amount is $5 000 000.

Note

Note: 1. Notified in the Commonwealth of Australia Gazette on 29 November 2000.