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Title

Schedule 1—Amendments

Database

Bills & Legislation

Long Title

A Bill for an Act to amend the Industry Research and Development Act 1986, and for related purposes

Date

30-08-2021 06:19 PM

Source

Senate

Parl No.

46

Bill Number

7/21

Bill Type

Government

Portfolio

Industry, Science and Technology

Reps Bill Code

O

Status

Assent

System Id

legislation/bills/s1289_aspassed/0001


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Schedule 1—Amendments

Schedule 1 — Amendments

Part 1 — Main amendments

Industry Research and Development Act 1986

1  Subsection 4(1) (definition of Board )

Omit “Innovation and Science Australia”, substitute “Industry Innovation and Science Australia”.

2  Section 6

Repeal the section, substitute:

6   Establishment of Industry Innovation and Science Australia

                   The body known immediately before the commencement of the Industry Research and Development Amendment (Industry Innovation and Science Australia) Act 2021 as Innovation and Science Australia is continued in existence with the new name Industry Innovation and Science Australia.

Note:          Subsection 25B(1) of the Acts Interpretation Act 1901 provides that a body whose name is altered by an Act continues in existence under the new name so that its identity is not affected.

Part 2 — Consequential amendments

Income Tax Assessment Act 1997

3  The whole of the Act

The Income Tax Assessment Act 1997 is amended as follows:

                     (a)  by omitting “ * Innovation and Science Australia” (wherever occurring) and substituting “ * Industry Innovation and Science Australia”;

                     (b)  by omitting “Innovation and Science Australia” (wherever occurring) and substituting “Industry Innovation and Science Australia”;

                     (c)  by omitting “ Innovation and Science Australia ” (wherever occurring) and substituting “ Industry Innovation and Science Australia ”;

                     (d)  by omitting “ Innovation and Science Australia ” (wherever occurring) and substituting “ Industry Innovation and Science Australia ”;

                     (e)  by omitting “ Innovation and Science Australia ” (wherever occurring) and substituting “ Industry Innovation and Science Australia ”.

Pooled Development Funds Act 1992

4  Subsection 4(1) (definition of Board )

Omit “Innovation and Science Australia”, substitute “Industry Innovation and Science Australia”.

Taxation Administration Act 1953

5  The whole of the Act

The Taxation Administration Act 1953 is amended as follows:

                     (a)  by omitting “ * Innovation and Science Australia” (wherever occurring) and substituting “ * Industry Innovation and Science Australia”;

                     (b)  by omitting “ * Innovation and Science Australia’s” (wherever occurring) and substituting “ * Industry Innovation and Science Australia’s”;

                     (c)  by omitting “Innovation and Science Australia” (wherever occurring) and substituting “Industry Innovation and Science Australia”;

                     (d)  by omitting “ * Innovation and Science Australia ” (wherever occurring) and substituting “ * Industry Innovation and Science Australia ”;

                     (e)  by omitting “ Innovation and Science Australia ” (wherever occurring) and substituting “ Industry Innovation and Science Australia ”.

Venture Capital Act 2002

6  The whole of the Act

The Venture Capital Act 2002 is amended as follows:

                     (a)  by omitting “ * Innovation and Science Australia” (wherever occurring) and substituting “ * Industry Innovation and Science Australia”;

                     (b)  by omitting “ * Innovation and Science Australia’s” (wherever occurring) and substituting “ * Industry Innovation and Science Australia’s”;

                     (c)  by omitting “Innovation and Science Australia” (wherever occurring) and substituting “Industry Innovation and Science Australia”;

                     (d)  by omitting “Innovation and Science Australia’s” (wherever occurring) and substituting “Industry Innovation and Science Australia’s”;

                     (e)  by omitting “ Innovation and Science Australia ” (wherever occurring) and substituting “ Industry Innovation and Science Australia ”;

                      (f)  by omitting “ Innovation and Science Australia ” (wherever occurring) and substituting “ Industry Innovation and Science Australia ”.

(7/21)