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Friday, 31 May 1996
Page: 1579

(Question No. 39)

Senator Margetts asked the Minister representing the Minister for Industry, Science and Tourism upon notice, on 7 May 1996:

(1) What percentage of the Cooperative Research Centres (CRCs) are government funded and privately funded.

(2) Can private and/or industry funding of CRCs be tax deductible; if so, how.

(3) Does the 150 per cent research and development tax deduction cover private and industry funding or donations to CRCs.

(4) Of the 150 per cent tax deductions given for research and development in the 1993-94, 1994-95 and 1995-96 financial years, what percentage and amount of money went for CRC-related research and development.

(5) Which are the biggest companies to receive deductions for funding of CRC-related research and development.

Senator Parer —The Minister for Industry, Science and Tourism has provided the follow ing answer to the honourable senator's question:

(1) All CRCs receive government funding through the CRC Program. All CRCs involve other participants which vary from Centre to Centre but generally include CSIRO, universities, industry and federal and state government agencies. Industry has committed $401 million to the established sixty one CRCs over their funding periods.

(2) Please refer to paragraphs 5.2.12 and 5.2.13 of the CRC Program Guidelines for Applicants 1996 Round and General Principles for Centre Operations .

(3) See answer to (2).

(4) The amount and percentage of research and development tax deductions given for CRC-related research and development in these years is: 1993-94—CRC-related information not collected; 1994-95—$3.788m (0.2%); 1995-96—not yet available.

(5) The Department keeps this information on a commercial in confidence basis and I am not in a position to release the information requested due to the secrecy provisions of the Income Tax Assessment Act, 1936.