Title Industry Research and Development Amendment Bill 1998
Database Bills & Legislation
Long Title a Bill for an Act to amend the [itals]Industry Research and Development Act 1986[eitals], and for related purposes
Date 30-11-1998
Source House of Reps
Parl No. 39
Bill Number 98195
Bill Type Government
Portfolio Industry, Science and Resources portfolio
Reps Bill Code O
Status Act
System Id legislation/bills/r673_act/0001


Industry Research and Development Amendment Bill 1998

 

 

 

 

Industry Research and Development Amendment Act 1999

 

No. 15, 1999


 

 

 

 

Industry Research and Development Amendment Act 1999

 

No. 15, 1999

 

 

 

 

An Act to amend the Industry Research and Development Act 1986, and for related purposes

  

  


Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 1

3............ Schedule(s).......................................................................................... 2

4............ Treatment of certain applications lodged with the Australian Taxation Office       2

5............ Effect of amendments relating to members of the Industry Research and Development Board and its committees............................................................................................................ 3

Schedule 1—Amendment of the Industry Research and Development Act 1986  4

 


Industry Research and Development Amendment Act 1999

No. 15, 1999

 

 

 

An Act to amend the Industry Research and Development Act 1986, and for related purposes

[Assented to 9 April 1999]

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Industry Research and Development Amendment Act 1999.

2  Commencement

                   This Act commences on the day on which it receives the Royal Assent.

3  Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

4  Treatment of certain applications lodged with the Australian Taxation Office

             (1)  This section applies only to applications made under section 39J of the Industry Research and Development Act 1986 by the following companies:

                     (a)  Aussie Diamond Products Pty. Limited (ACN 051 488 656);

                     (b)  Creative Objects Pty. Ltd. (ACN 065 617 781);

                     (c)  Cutler Brands Pty Ltd (ACN 050 166 160);

                     (d)  Futureweld Pty. Ltd. (ACN 053 762 744);

                     (e)  Learning Curve Pty. Limited (ACN 008 658 624);

                      (f)  NSJA Investments Pty Limited (ACN 007 288 637) (previously known as Strategos Pty. Ltd.).

             (2)  If, before the commencement of this section:

                     (a)  an application was lodged with the Australian Taxation Office before the end of the period for making the application; and

                     (b)  the application was received by the Board after the end of the period for making the application; and

                     (c)  the company was refused registration under section 39J merely because the application was not made within the period for making the application;

the Board must take the application to have been made within the period for making the application and reconsider the application for registration under section 39J as soon as possible after the commencement of this section.

             (3)  If, before the commencement of this section:

                     (a)  an application was lodged with the Australian Taxation Office before the end of the period for making the application; and

                     (b)  the application was received by the Board after the end of the period for making the application; and

                     (c)  the Board decided to register the company under section 39J;

the validity of the registration is not affected, and is taken never to have been affected, by the fact that the application was not made within the period for making the application.

             (4)  If, before the commencement of this section:

                     (a)  an application was lodged with the Australian Taxation Office before the end of the period for making the application; and

                     (b)  the application was received by the Board after the end of the period for making the application; and

                     (c)  the Board did not register, or refuse to register, the company under section 39J;

the Board must take the application to have been made within the period for making the application and consider the application for registration under section 39J as soon as possible after the commencement of this section.

             (5)  In this section:

application includes a copy of an application.

Board means the Industry Research and Development Board.

5  Effect of amendments relating to members of the Industry Research and Development Board and its committees

                   The amendments made by items 1, 2, 3, 4 and 5 of Schedule 1 do not affect the validity of, or the period of, an appointment of a person as a member of the Industry Research and Development Board, or as a member of a committee of that Board, that was in force immediately before the commencement of this section.