Primary Industries Research and Development Act 1989

8 Establishment of research and development corporations

The regulations may:

establish a research and development corporation with the name prescribed by the regulations; or

continue in existence a research and development corporation prescribed by the regulations.

9 Establishment of the Rural Industries Research and Development Corporation

The Rural Industries Research and Development Corporation is established.

10 R&D Corporation is body corporate etc.

An R&D Corporation:

is a body corporate with perpetual succession; and

is to have a common seal; and

may acquire, hold and dispose of real and personal property; and

may sue and be sued in its corporate name.

Note: The Public Governance, Performance and Accountability Act 2013 applies to an R&D Corporation. That Act deals with matters relating to corporate Commonwealth entities, including reporting and the use and management of public resources.

The common seal of an R&D Corporation is to be kept in such custody as the Corporation directs, and is not to be used except as authorised by the Corporation.

All courts, judges and persons acting judicially must:

take judicial notice of the imprint of the common seal of an R&D Corporation appearing on a document; and

presume the imprint was duly affixed.

11 Functions

The functions of an R&D Corporation are:

to investigate and evaluate the requirements for research and development for each designated primary industry sector in relation to the Corporation and, on the basis of such investigation and evaluation:

to prepare an R&D plan under section 19; and

to review and revise the plan; and

to prepare an annual operational plan under section 25 for each financial year; and

to co-ordinate or fund the carrying out of research and development activities that are consistent with the annual operational plan prepared by the Corporation and in force at the time; and

to:

monitor; and

evaluate; and

report to the Parliament, the Minister and its representative organisations on;

research and development activities that are co-ordinated or funded, wholly or partly, by the Corporation; and

to:

assess; and

report to the Parliament, the Minister and its representative organisations on;

the impact, on each designated primary industry sector in relation to the Corporation, of research and development activities that are co-ordinated or funded, wholly or partly, by the Corporation; and

to disseminate and commercialise, and facilitate the dissemination, adoption and commercialisation of, the results of research and development in relation to each designated primary industry sector in relation to the Corporation; and

(ea) to carry out marketing activities under the Primary Industries Levies and Charges Disbursement Act 2024 for the benefit of designated primary industry sectors in relation to the Corporation; and

if a person makes a gift, grant, bequest or devise to the Corporation for the purpose of the Corporation carrying out marketing activities for the benefit of a designated primary industry sector in relation to the Corporation—to use the gift, grant, bequest or devise to carry out those marketing activities; and

such other functions as are conferred on the Corporation by this Act or any other Act.

12 Powers

An R&D Corporation has power to do all things necessary or convenient to be done for, or in connection with, the performance of its functions and, in particular, may:

enter into agreements under section 13 for the carrying out of research and development activities or marketing activities by other persons; and

enter into agreements under section 14 for the carrying out of research and development activities or marketing activities by the Corporation and other persons; and

make intellectual property and other applications, including joint applications, in relation to the results of research and development; and

deal with the results of research and development vested in, or made available to, the Corporation or the Corporation and other persons; and

make charges for work done, services rendered, and goods and information supplied, by it; and

accept gifts, grants, bequests and devises made to it, and act as trustee of money and other property vested in it on trust; and

acquire, hold and dispose of real and personal property for the purposes of this Act; and

join in the formation of a company; and

do anything incidental to any of its powers.

13 Agreements for carrying out research and development activities and marketing activities by other persons

Without limiting the generality of subsection 12(1), an R&D Corporation may enter into an agreement with a person for the carrying out of either or both of the following by the person:

research and development activities;

marketing activities as mentioned in paragraph 11(ea) or (eb).

Without limiting the matters that may be included in the agreement, the agreement may:

provide for the money provided under the agreement, and any property acquired or goods produced with that money, or with money that includes that money, to be used for the purposes specified in the agreement; and

provide for the payment by the person to the Corporation of an amount equal to the whole, or such part as the Corporation determines, of the money provided under the agreement if any of the money, property or goods referred to in paragraph (a) is or are used for a purpose not specified in the agreement; and

make provision with respect to:

assigning inventions and interests in inventions; and

applying for patents for inventions; and

commercially exploiting patented inventions; and

granting licences under patented inventions;

being inventions made in the course of undertaking research and development activities or doing anything else with that money or with money that includes that money; and

provide for the payment by the person to the Corporation of an amount equal to the whole, or such part as the Corporation determines, of any net income derived by the person from the money, property or goods referred to in paragraph (a) or patents or interests referred to in paragraph (c); and

provide for the assignment by the person to the Corporation of any money, property, goods, patents or interests referred to in paragraph (d); and

provide for the payment by the person to the Corporation of an amount of money determined by the Corporation in accordance with the agreement in the event of the disposal (otherwise than to the Corporation) of any property, goods, patents or interests referred to in paragraph (d).

14 Agreements for carrying out research and development activities and marketing activities with other persons

Without limiting the generality of subsection 12(1), an R&D Corporation may enter into an agreement (including a joint venture agreement or a partnership agreement) with a person for either or both of the following to be carried out by the Corporation and the person:

research and development activities;

marketing activities as mentioned in paragraph 11(ea) or (eb).

Without limiting the matters that may be included in the agreement, the agreement is to specify:

the objectives of the activities; and

the expected duration of the activities; and

the nature and extent of the contribution to be made by the Corporation towards the activities; and

the basis for the distribution of profits and other benefits derived from the activities.

15 Consultations with persons and organisations

Without limiting the generality of subsection 12(1), an R&D Corporation may make arrangements for consulting:

persons and bodies representative of a designated primary industry sector in relation to the Corporation (including any of the Corporation’s representative organisations); and

Commonwealth, State and Territory authorities concerned with that sector.

Arrangements made by an R&D Corporation under subsection (1) may provide for:

the Corporation agreeing to meet travel expenses reasonably incurred by a person in connection with consultations with the Corporation; and

subject to written guidelines given to the Corporation by the Minister, the Corporation agreeing to meet expenses (other than travel expenses) reasonably incurred by a representative organisation of the Corporation, or a member of a representative organisation of the Corporation, in connection with consultations with the Corporation.

16 Constitution

An R&D Corporation consists of:

a Chairperson; and

an Executive Director; and

such number of other directors, not fewer than 5 nor more than 7, as the Minister determines, in writing, to be appropriate for that Corporation.

The performance of the functions and the exercise of the powers of an R&D Corporation are not affected merely because of vacancies in the Corporation’s directorship.

17 Appointment of directors

The directors of an R&D Corporation (other than the Executive Director) are to be appointed by the Minister.

The nominated directors of an R&D Corporation are to be appointed from persons:

nominated by a Selection Committee under Part 4; or

included on a list, given to the Minister under paragraph 132(2)(b), of persons a Selection Committee considers suitable for nomination.

The appointment of a person as a director of an R&D Corporation is not invalid because of a defect or irregularity in connection with the person’s nomination or appointment.

18 Members of executive of representative organisation not eligible for appointment etc.

A person who is a member of the executive of a representative organisation of an R&D Corporation must not be appointed as a director of the Corporation.

A director of an R&D Corporation who becomes a member of the executive of a representative organisation of the Corporation ceases to hold office as a director of the Corporation.

19 R&D plans

An R&D Corporation must prepare, in written form, an R&D plan for each successive period referred to in subsections (3) and (4).

An R&D Corporation’s R&D plan is to include:

a statement of the Corporation’s objectives and priorities for the period to which the plan is expressed to relate; and

an outline of the strategies that the Corporation intends to adopt in order to achieve those objectives.

The first R&D plan is to be expressed to relate to:

if the R&D Corporation is established in the first 9 months of a financial year—that financial year and the 4 subsequent financial years; or

if the R&D Corporation is established in the last 3 months of a financial year—the next financial year and the 4 subsequent financial years.

Each subsequent R&D plan is to be expressed to relate to the period of 5 years commencing at the end of the period to which the immediately preceding R&D plan relates.

20 Approval of R&D plans

An R&D plan is to be submitted to the Minister for approval no later than 2 months, or such shorter period as the Minister, in special circumstances, allows, before the intended day of commencement of the period to which the plan relates.

Where the Minister is of the opinion that an R&D Corporation’s R&D plan, submitted under subsection (1) or (3) for his or her approval, should be revised in some respect, the Minister may give to the Corporation a written notice:

requesting the Corporation to make such a revision; and

setting out the reasons for the request.

Where an R&D Corporation receives such a request, it must:

consider the request and the statement of reasons; and

make such revision of the R&D plan it considers appropriate; and

submit the plan, as so revised, to the Minister for approval.

Where a copy of an R&D plan is submitted to the Minister for approval under subsection (1) or (3), a copy of the plan is at the same time also to be provided to the Presidents (or the holders of the equivalent office) within each of the representative organisations of the Corporation.

Where the Minister approves an R&D plan, the Corporation is, no later than one month after the day on which it is approved by the Minister, to notify each of its representative organisations of the Minister’s approval.

An R&D plan does not come into operation until:

the day on which it is approved by the Minister; or

the day of commencement of the period to which it relates;

whichever is the later.

21 Variation of R&D plans

An R&D Corporation must:

as soon as practicable after 30 June next following the day on which its R&D plan comes into operation; and

as soon as practicable after each subsequent 30 June occurring before the day of expiration of the plan;

review the plan and consider whether a variation of it is necessary.

An R&D Corporation may, at any other time, review its R&D plan (whether or not the plan has come into operation) and consider whether a variation of it is necessary.

Where the Minister gives to an R&D Corporation a notice requesting that the Corporation vary its R&D plan and setting out the reasons for making the request, it must consider, having regard to the reasons, whether the requested variation of the plan is appropriate.

Where an R&D Corporation considers that:

a variation of its R&D plan is necessary; or

a variation of its R&D plan, requested by the Minister, is appropriate;

it may vary the plan with the Minister’s approval.

When requesting the Minister’s approval for a variation of the plan, the Corporation must, unless the variation was requested by the Minister, provide the Minister with:

a statement of its reasons for making the request; and

such other information as the Minister requests.

The Minister may, after considering the request (together with the material (if any) provided under subsection (5)):

approve the requested variation; or

reject the requested variation.

Where the Minister approves a requested variation, the Corporation is, no later than one month after the day on which it is approved by the Minister, to provide a copy of the varied plan as approved by the Minister to the Presidents (or the holders of the equivalent office) within each of the representative organisations of the Corporation.

If the Minister rejects the requested variation he or she must give the Corporation his or her written reasons for doing so.

22 Approval for varied R&D plans to run for 4 years from next 1 July

Where an R&D Corporation requests the Minister’s approval for a variation of its R&D plan, and that plan is in force, the Corporation may also request the Minister’s approval for the plan as varied to be in force until the end of 4 years beginning on the next 1 July after the day on which the variation takes effect.

When making a request under subsection (1), the Corporation must provide the Minister with:

a statement of its reasons for making the request; and

such other information as the Minister requests.

Where:

a request is made under subsection (1); and

the Minister approves a variation of the plan under subsection 21(6); and

the Minister is satisfied that it is appropriate for the request under subsection (1) to be granted;

the Minister may, by notice in writing given to the Corporation, give his or her approval for the plan as varied to be in force until the end of 4 years beginning on the next 1 July after the day on which the variation takes effect.

23 When variations of R&D plans take effect

Where the Minister approves a variation of an R&D plan, the variation takes effect on:

if the Minister also gives his or her approval under section 22 for the plan as varied to be in force as mentioned in that section—the day specified by the Minister in giving the approval under that section, or, where no such day is specified, the next 1 July after the day of approval of the variation; or

in any other case—the day of approval of the variation.

If the operation of an R&D plan (being a plan that has come into force) takes effect on the day of the Minister’s approval of the variation, the plan as varied continues in force, on and after that day, as if the Minister had originally approved the plan as varied.

24 Consultation

Before preparing or varying an R&D plan, or making a request under subsection 22(1), an R&D Corporation must consult, and have regard to the views expressed by:

the Minister; and

each of its representative organisations; and

such other persons or organisations as it considers appropriate.

25 Annual operational plans

An R&D Corporation must, for each financial year during which an R&D plan is in force, prepare, in written form, an annual operational plan that is expressed to relate to that financial year.

The annual operational plan is to:

specify the broad groupings of research and development activities and marketing activities that the R&D Corporation proposes to fund, wholly or partly, during the financial year; and

describe how and to what extent funding those activities will:

give effect to the R&D plan in force during that financial year; and

in particular, pursue the strategies outlined in the R&D plan and help to achieve the objectives described in the R&D plan; and

provide an estimate of:

the total amounts likely to be spent by the Corporation in respect of each broad grouping of research and development activities the Corporation proposes to fund during the financial year; and

the total of all other amounts likely to be spent by the Corporation during the financial year; and

the total of the amounts referred to in subparagraphs (i) and (ii); and

(iv) the total of the amounts that are likely to be paid to the Corporation during the financial year (other than the amounts paid under the Primary Industries Levies and Charges Disbursement Act 2024).

A reference in this section to research and development activities or marketing activities that an R&D Corporation proposes to fund includes a reference to research and development activities or marketing activities that the Corporation is prepared, subject to its examination of specific proposals, to fund.

26 Commencement of annual operational plan etc.

An annual operational plan for an R&D Corporation comes into operation on the first day of the period to which the plan relates.

Before the plan comes into operation, the Corporation must provide a copy of the plan to:

the Minister; and

each of the representative organisations of the Corporation.

27 Compliance with R&D plans and annual operational plans

To the extent that it is practicable to do so, an R&D Corporation must ensure that, at any time:

the performance of its functions; and

the exercise of its powers;

are consistent with, and designed to give effect to, any R&D plan, and any annual operational plan, prepared by it and in force at the time.

27A Application of the Public Governance, Performance and Accountability Act 2013

Section 35 of the Public Governance, Performance and Accountability Act 2013 (which deals with corporate plans) does not apply to an R&D Corporation.

28 Annual report

The annual report prepared by the directors of an R&D Corporation and given to the Minister under Public Governance, Performance and Accountability Act 2013 for a period must include:section 46 of the

particulars of:

the research and development activities that it co-ordinated or funded, wholly or partly, during the period; and

the marketing activities that it coordinated or funded, wholly or partly, during the period; and

the amount that it spent during the period in relation to each of those activities; and

the impact of those activities on each designated primary industry sector in relation to the Corporation; and

revisions of its R&D plan approved by the Minister during the period; and

the entering into of agreements under sections 13 and 14 during the period and its activities during the period in relation to agreements entered into under that section during or prior to the period; and

its activities during the period in relation to applying for patents for inventions, commercially exploiting patented inventions and granting licences under patented inventions; and

the activities of any companies in which the Corporation has an interest; and

any activities relating to the formation of a company; and

significant acquisitions and dispositions of real property by it during the period; and

an assessment of the extent to which its operations during the period have:

achieved its objectives as stated in its R&D plan; and

implemented the annual operational plan applicable to the period; and

an assessment of the extent to which the Corporation has, during the period, contributed to the attainment of the objects of this Act as set out in section 3; and

in respect of the grain industry or such other primary industry or class of primary industries as is prescribed in the regulations, particulars of sources and expenditure of funds, including:

commodity, cross commodity and regional classifications; and

funds derived from transfer of assets, debts, liabilities and obligations under section 144.

Note: For subparagraph (a)(ia), an R&D Corporation is permitted to carry out marketing activities as mentioned in paragraphs 11(ea) and (eb).

29 Accountability to representative organisations

The Chairperson of an R&D Corporation (other than an R&D Corporation to which the Minister, provide copies of the report to each of the Corporation’s representative organisations, and make arrangements with each of those organisations to attend the organisation’s annual conference, or a meeting of the organisation’s executive, for the purpose of enabling:Division 7 applies) must, as soon as practicable after the Corporation’s annual report has been submitted to

the annual report to be considered; and

the Chairperson to deliver an address in relation to:

the Corporation’s activities in the period to which the report relates; and

the Corporation’s intended activities in the financial year following the end of the period; and

in respect of the grain industry and such other primary industry or class of primary industries as is prescribed in the regulations, particulars of sources and expenditure of funds, including:

(A) commodity, cross commodity and regional classifications; and

(B) funds derived from transfer of assets, debts, liabilities and obligations under section 144; and

the Chairperson to be questioned in relation to those activities.

33 Expenditure of money of R&D Corporations

Subject to this section, an R&D Corporation’s money may be spent only:

for the purpose of funding research and development activities included in the broad groupings of research and development activities specified in an annual operational plan prepared by the Corporation and in force; and

in payment or discharge of the expenses and liabilities incurred by the Corporation in the performance of its functions or the exercise of its powers; and

in payment of remuneration and allowances payable:

under sections 68 and 81 to the Corporation’s directors; or

under section 89 to members of committees established by the Corporation under that section; and

(d) in payment to the Commonwealth of amounts payable under the Primary Industries Levies and Charges Disbursement Act 2024; and

in payment of amounts in respect of expenses (including the payment of remuneration and allowances) incurred by a Selection Committee in performing its function, and exercising its powers, in relation to the selection of directors for appointment to the Corporation; and

in making any other payments that the Corporation is authorised or required to make under this Act.

(1AA) Money paid to an R&D Corporation under the Primary Industries Levies and Charges Disbursement Act 2024 may be spent by the R&D Corporation only in accordance with that Act.

Subsection (1) does not apply to an R&D Corporation’s money to the extent that it includes a gift, grant, bequest or devise of a kind mentioned in paragraph 11(eb).

Note: Under that paragraph, the R&D Corporation must use the gift, grant, bequest or devise to carry out marketing activities.

An R&D Corporation is liable to pay the expenses, and discharge the liabilities, incurred by a Selection Committee in connection with the performance of its function, and the exercise of its powers, in relation to the selection of directors for appointment to the Corporation.

Spending must be in accordance with funding agreement

An R&D Corporation must not spend money that has been paid to the R&D Corporation by the Commonwealth unless the R&D Corporation does so in accordance with a written funding agreement.

33B State and Territory fisheries R&D money

This section applies if:

a State or Territory makes a payment to an R&D Corporation in respect of research and development in respect of the fishing industry; or

the Commonwealth makes a payment to an R&D Corporation of money paid by a State or Territory to the Commonwealth in respect of research and development in respect of the fishing industry.

The R&D Corporation must, within 5 years of receiving the payment, spend an equal amount on research and development activities of relevance to the State or Territory.

40 Separate accounting records

The regulations may:

require an R&D Corporation to keep separate accounting records in relation to the funding of specified classes of activities; and

specify the amounts to be credited and debited in the accounting records and the manner in which the amounts are to be calculated.

41 Borrowing from Commonwealth

The Finance Minister may, on behalf of the Commonwealth, out of money appropriated by the Parliament for the purpose, lend money to an R&D Corporation on such terms and conditions as the Finance Minister determines in writing.

42 Borrowing from persons other than the Commonwealth

An R&D Corporation may, with the written approval of the Finance Minister, borrow money from persons other than the Commonwealth on terms and conditions specified in, or consistent with, the approval.

Money may be borrowed wholly or partly in foreign currency.

43 Guarantee of borrowing

The Finance Minister may, on behalf of the Commonwealth, enter into a contract guaranteeing the performance by an R&D Corporation of obligations incurred by it under section 42.

If the Finance Minister determines in writing that obligations incurred by the Corporation under that section are guaranteed by the Commonwealth, the obligations are so guaranteed by force of this subsection.

A contract may be entered into under subsection (1), and a determination may be made under subsection (2), in relation to a particular transaction or class of transactions.

A contract under subsection (1) may include either or both of the following provisions:

a provision agreeing that proceedings under the contract may be taken in courts of a foreign country;

a provision waiving the immunity of the Commonwealth from suit in courts of a foreign country.

44 Borrowing not otherwise permitted

An R&D Corporation must not borrow money except under this Division.

45 R&D Corporations may give security

An R&D Corporation may give security over the whole or part of its assets for:

the performance by the Corporation of any obligation incurred under section 41 or 42; or

the payment to the Commonwealth of amounts equal to amounts paid by the Commonwealth under a guarantee under section 43.

46 Liability to taxation

An R&D Corporation is subject to taxation (other than income tax) under the laws of the Commonwealth.

Subject to subsections (3) and (4), an R&D Corporation is not subject to taxation under a law of a State or Territory.

The regulations may provide that subsection (2) does not apply in relation to:

a specified law of a State or Territory; or

laws in a specified class of laws of a State or Territory.

Stamp duty under the law of a State or a Territory is payable by an R&D Corporation in respect of transactions entered into by, and instruments and documents executed by or on behalf of, the Corporation.

46A Delegation by Finance Minister

(1) The Finance Minister may, by written instrument, delegate any of the Finance Minister’s powers or functions under Public Governance, Performance and Accountability Act 2013) of a non-corporate Commonwealth entity (within the meaning of that Act).section 42 or 43 to an official (within the meaning of the

In exercising powers or functions under a delegation, the official must comply with any directions of the Finance Minister.

47 Times and places of meetings

An R&D Corporation must hold such meetings as is necessary for the efficient performance of its functions.

Subject to subsections (3) and (4), meetings are to be held at such times and places as the Corporation from time to time determines.

The Chairperson may call a meeting at any time.

The Chairperson must call a meeting if requested to do so in writing by a majority of the directors.

48 Presiding at meetings

The Chairperson is to preside at all meetings at which he or she is present.

If the Chairperson is not present at a meeting and the Deputy Chairperson is present, the Deputy Chairperson is to preside.

If the Chairperson and Deputy Chairperson are not present at a meeting, the directors present are to appoint one of their number to preside.

49 Quorum

A majority of the directors constitutes a quorum.

50 Voting at meetings

A question is to be decided by a majority of the votes of the directors present and voting.

The person presiding at a meeting has a deliberative vote and, if necessary, also has a casting vote.

51 Conduct of meetings

An R&D Corporation may, subject to this Division, regulate proceedings at its meetings as it considers appropriate.

Without limiting subsection (1), an R&D Corporation may permit a director to participate in a meeting by telephone or any other means of communication.

A director who is permitted to participate in a meeting under subsection (2) is to be regarded as being present at that meeting.

52 Resolutions without meetings

Where an R&D Corporation so determines, a resolution is to be taken to have been passed at a meeting of the Corporation if:

without meeting, a majority of the number of directors indicate agreement with the resolution in accordance with the method determined by the Corporation; and

that majority would, if present at a meeting of the Corporation and entitled to vote on the resolution at that meeting, have constituted a quorum under section 49.

53 Minutes

An R&D Corporation must keep minutes of its meetings.

55 Persons may be invited to attend meetings

An R&D Corporation may invite a person to attend a meeting for the purpose of advising or informing it on any matter.

56 Application of Division

This Division applies to an R&D Corporation if:

(a) there are one or more levies or charges imposed by provisions prescribed by rules made under the Primary Industries Levies and Charges Disbursement Act 2024 for the purposes of paragraph 15(1)(a) of that Act in relation to the Corporation; and

the regulations declare that this Division applies to the Corporation.

57 List of levy or charge payers

An R&D Corporation must, in respect of each financial year, prepare a list of persons whom the Corporation knows became, during the immediately preceding financial year or the 3 months after the end of the immediately preceding financial year, liable to pay any of the levies or charges covered by paragraph 56(a).

The Corporation must complete its preparation of the list for the financial year:

no sooner than the day on or before which applications from persons seeking to be entered on the list must be received by the Corporation, in accordance with the notice published under subsection 59(1), for the Corporation’s annual general meeting in that financial year; and

no later than 30 days after that day.

The Corporation must not include in the list for the financial year persons whose applications to be entered on the list are received by the Corporation after the day referred to in paragraph (2)(a).

The Corporation must not use such a list otherwise than for the purposes of this Division.

In this section:

person includes a partnership and the trustee or trustees, from time to time, of a trust estate.

58 R&D Corporation to convene annual general meetings

Where an R&D Corporation is required by the representative organisation to hold an annual general meeting, the Corporation must cause the meeting to be held in each financial year at a time and place determined by the Corporation.

The Corporation must ensure that a period of not more than 15 months elapses between each annual general meeting.

59 Notice of the convening of an annual general meeting

(1) An R&D Corporation must, not later than 70 days before the day on which an annual general meeting is to be held in a financial year, cause a notice to be published in the Gazette, and in a newspaper that circulates throughout Australia, specifying:

the day, time and place of the meeting; and

the day (not being earlier than 14 days after the notice is published) before which applications from persons seeking to be entered on the list referred to in section 57 for the financial year must be received by the Corporation.

In addition to publishing a notice under subsection (1), the Corporation:

must give copies of the notice to each of its representative organisations; and

may cause particulars of the annual general meeting to be made public in such a way as the Corporation determines at any time before the day referred to in paragraph (1)(b).

60 Purpose of annual general meeting

The purpose of an R&D Corporation’s annual general meeting is to provide an opportunity for those included in the list prepared by the Corporation under section 57:

to consider the most recent annual report of the Corporation; and

to receive an address by the Chairperson of the Corporation concerning:

the Corporation’s performance in the financial year to which the annual report relates; and

the outlook for each designated primary industry sector in relation to the Corporation and the Corporation’s intended activities in the following financial year; and

to question the directors about any aspect of the Corporation’s activities during the financial year to which the annual report relates and any aspect of the Corporation’s intended activities; and

to debate, and vote upon:

any motion relating to a matter within the Corporation’s responsibilities other than a matter relating to the amount of any of the levies or charges covered by paragraph 56(a); or

any motion moved on behalf of the Corporation to endorse a recommendation that the Corporation proposes to make to the Minister in relation to the amount of any of the levies or charges covered by paragraph 56(a); or

any motion of no confidence in the Chairperson or in the Corporation.

61 Regulations may provide for certain matters

The regulations may make provision with respect to one or more of the following:

notifying an R&D Corporation of the terms of any motion proposed to be moved at an annual general meeting by a person included in the list prepared by the Corporation under section 57;

notifying the persons included in the list prepared by the Corporation under section 57 of:

the day, time and place of an annual general meeting of the Corporation; and

the terms of motions proposed to be moved in the meeting; and

other matters relevant to the conducting of the meeting;

the appointment of persons to act as proxies of persons included in the list prepared by the Corporation under section 57 in an annual general meeting and the participation of such proxies in the meeting;

the method or methods by which a motion or class of motions is to be taken to have been passed at an annual general meeting of the Corporation;

a method:

of determining the number of votes that a person included in the list prepared by the Corporation under section 57 who is entitled to vote at an annual general meeting may cast when voting at such a meeting; and

that has regard to the amount of any of the levies or charges covered by paragraph 56(a) for which the person became liable to pay during, or within 3 months after the end of, the financial year immediately preceding the meeting;

the adoption of a procedure relating to voting at annual general meetings that will ensure that amounts of any of the levies or charges covered by paragraph 56(a) for which a person included in the list prepared by the Corporation under section 57 became liable to pay remains confidential.

62 Conduct of annual general meetings

An annual general meeting of an R&D Corporation may be attended by:

the directors of the Corporation; and

the persons included in the list prepared by the Corporation under section 57 for the financial year in which the meeting is held; and

the members of the executive of each of the Corporation’s representative organisations; and

persons invited by the Corporation to attend the meeting; and

such employees and consultants of the Corporation as the Chairperson determines, having regard to the business of the meeting.

The Chairperson must preside at an annual general meeting at which he or she is present.

A person included in the list prepared by the Corporation under section 57 for the financial year in which an annual general meeting of the Corporation is held is entitled to vote upon any matter to be determined at the meeting.

The Corporation must keep a record of the proceedings of an annual general meeting.

63 Motions of no confidence

Where a motion of no confidence in an R&D Corporation or in the Chairperson is moved at an annual general meeting:

the person presiding at the meeting must cease to preside until the motion has been voted on; and

an employee of the Corporation selected by the Chairperson is to preside.

Where a motion of no confidence in the Corporation is passed at the meeting:

the office of each of the directors (other than the Executive Director) is to be taken to be vacant for the purposes of Part 4 immediately after the meeting; and

the Minister must:

(i) within one month after the meeting, by notice published in the Gazette, terminate the appointment of each of the directors (other than the Executive Director) with effect from a day specified in the notice; and

under section 17, appoint a different Chairperson; and

under section 17, appoint persons, in accordance with Part 4, in the place of the nominated directors whose appointments have been so terminated.

The fact that a person’s appointment as a director has been terminated under subparagraph (2)(b)(i) does not prevent the person being re-appointed under subparagraph (2)(b)(iii).

Where a motion of no confidence in the Chairperson is passed at the meeting, the Minister must:

terminate the Chairperson’s appointment as soon as possible after the meeting; and

within 2 months after the meeting, appoint another person as the Chairperson.

64 Notification of motions passed

An R&D Corporation must, within one month after the holding of an annual general meeting, provide to each of its representative organisations a copy of the text of all motions passed at the meeting.

65 Scope of this Division

This Division applies in relation to a director of an R&D Corporation, other than the Executive Director.

Note: See Division 9 for provisions applying to the Executive Director.

66 Term of office

A director:

is to be appointed with effect from the day specified in the instrument of appointment; and

holds office, subject to this Act, for such term (not exceeding 3 years) as is specified in the instrument of appointment, but is eligible for re-appointment in accordance with this Act.

If a director ceases to hold office before the end of the term of appointment, another person may, in accordance with this Act, be appointed in the director’s place until the end of the term.

67 Directors hold office on part-time basis

Directors hold office on a part-time basis.

68 Remuneration and allowances of directors

A director is to be paid such remuneration as is determined by the Remuneration Tribunal, but if no determination of that remuneration by the Tribunal is in operation, is to be paid such remuneration as is prescribed.

A director is to be paid such allowances as are prescribed.

(3) This section has effect subject to the Remuneration Tribunal Act 1973.

69 Terms and conditions of appointment not provided for by Act

A director holds office on such terms and conditions (if any) in relation to matters not provided for by this Act as are determined, in writing, by the Minister.

70 Outside employment

A director must not engage in any paid employment that, in the Minister’s opinion, conflicts or may conflict with the proper performance of the director’s duties.

71 Leave of absence

The Minister may grant leave of absence to the Chairperson on such terms and conditions as the Minister considers appropriate.

The Chairperson may grant leave of absence to a nominated director on such terms and conditions as the Chairperson considers appropriate.

72 Resignation

A director may resign by written notice signed and delivered to the Minister.

The resignation takes effect (unless the director’s appointment is sooner terminated):

if a date of effect is stated in the notice of resignation—at the end of that day; or

in any other case—on the day on which the notice is given.

73 Termination of appointment

The Minister may terminate the appointment of the Chairperson or a nominated director:

for misbehaviour or physical or mental incapacity; or

if the Chairperson or nominated director:

becomes bankrupt; or

applies to take the benefit of a law for the relief of bankrupt or insolvent debtors; or

compounds with his or her creditors; or

makes an assignment of his or her remuneration for the benefit of such creditors.

Note: The appointment of a Chairperson or a nominated director may also be terminated under Public Governance, Performance and Accountability Act 2013 (which deals with terminating the appointment of an accountable authority, or a member of an accountable authority, for contravening general duties of officials).section 30 of the

The Minister may terminate the appointment of the Chairperson if the Chairperson is absent, except with the leave of the Minister, from 3 consecutive meetings.

The Minister may terminate the appointment of a nominated director of an R&D Corporation if the nominated director is absent, except with the leave of the Chairperson, from 3 consecutive meetings.

74 Deputy Chairperson

The Minister must appoint a nominated director as the Deputy Chairperson.

The Minister must, before making the appointment, consult with the Chairperson.

The Minister may at any time terminate an appointment made under subsection (1).

A person appointed as Deputy Chairperson ceases to hold the office if the person ceases to be a nominated director of the Corporation.

A person appointed as Deputy Chairperson may resign the office by writing signed by the person and delivered to the Minister.

The Deputy Chairperson is to act as the Chairperson:

during any vacancy in the office of the Chairperson; or

during any period when the Chairperson is unable, for any reason, to perform the duties of the office.

Note: For rules that apply to persons acting as the Chairperson, see Acts Interpretation Act 1901.section 33A of the

The Deputy Chairperson has, when acting as Chairperson, all the powers, duties, rights and entitlements of the Chairperson.

75 Executive Director

Each R&D Corporation is to have an Executive Director.

76 Duties

The Executive Director is to conduct the affairs of the Corporation.

In conducting the affairs of the Corporation, the Executive Director is to act in accordance with any policies determined by, and any directives given by, the Corporation.

All acts and things done in the name of, or on behalf of, the Corporation by the Executive Director are to be taken to have been done by the Corporation.

77 Appointment

The Executive Director is to be appointed by the Corporation.

The Chairperson or a nominated director must not be appointed as the Executive Director.

A person who is a member of the executive of a representative organisation of the Corporation must not be appointed as the Executive Director.

If the Executive Director becomes a member of the executive of a representative organisation of the Corporation, he or she ceases to hold office as the Executive Director.

The appointment of a person as Executive Director is not invalid because of a defect or irregularity in connection with the person’s appointment.

78 Term of appointment etc.

The Executive Director:

is to be appointed with effect from the day specified in the instrument of appointment; and

holds office during the Corporation’s pleasure.

79 Executive Director holds office on full-time or part-time basis

The Executive Director holds office on a full-time basis or on a part-time basis, as specified in the instrument of appointment.

80 Executive Director not to engage in other paid employment

The Executive Director must not:

if the Executive Director holds office on a full-time basis—engage in paid employment outside the duties of the office without the Corporation’s approval; or

if the Executive Director holds office on a part-time basis—engage in paid employment that, in the Corporation’s opinion, conflicts or may conflict with the proper performance of the Executive Director’s duties.

81 Terms and conditions of appointment

The Executive Director is to be appointed on such terms and conditions, including remuneration and allowances, as are determined, in writing, by the Corporation.

82 Leave of absence

The Chairperson may grant leave of absence to the Executive Director on such terms and conditions, as to remuneration or otherwise, as are determined, in writing, by the Corporation.

83 Resignation

The Executive Director may resign by written notice signed and delivered to the Chairperson.

The resignation takes effect (unless the Executive Director’s appointment is sooner terminated):

if a date of effect is stated in the notice of resignation—at the end of that day; or

in any other case—on the day on which the notice is given.

85 Acting Executive Director

The Corporation may appoint a person (other than a director) to act as Executive Director:

during a vacancy in the office of Executive Director; or

during any period, or during all periods, when the Executive Director is absent from duty or from Australia or is, for any other reason, unable to perform the duties of the office.

Note: For rules that apply to acting appointments, see Acts Interpretation Act 1901.section 33A of the

The appointment of a person under subsection (1) ceases to have effect if the person resigns the appointment by writing delivered to the Chairperson.

86 Exclusion of Executive Director etc. from certain deliberations

The Executive Director of an R&D Corporation must not be present during any deliberation of, or take part in any decision of, the Corporation or a committee of the Corporation with respect to:

the appointment of a person as Executive Director; or

the determination or application of any terms and conditions on which a person appointed as Executive Director holds office or may be granted leave; or

the termination of the appointment of the Executive Director; or

the giving or refusing of approval for the Executive Director to engage in paid employment outside the duties of the office.

A person appointed to act as Executive Director of an R&D Corporation must not be present during any deliberation of, or take part in any decision of, the Corporation or a committee of the Corporation with respect to:

the appointment of a person as Executive Director or to act as Executive Director; or

the determination or application of any terms and conditions on which the Executive Director, or a person appointed to act as Executive Director, holds office or may be granted leave; or

the termination of the appointment of the person or the Executive Director; or

the giving or refusing of approval for the Executive Director, or a person acting as Executive Director, to engage in paid employment outside the duties of the office.

87 Employees

An R&D Corporation may engage such employees as it considers necessary for the performance of its functions and the exercise of its powers.

The terms and conditions of employment are to be determined by the Corporation.

A person must not be employed by the Corporation on terms and conditions as to remuneration that:

in the case of a person employed on a full-time basis—are more favourable than the terms and conditions as to remuneration on which the Executive Director has been appointed; or

in the case of a person employed on a part-time basis—are more favourable, when considered on a pro rata basis, than the terms and conditions as to remuneration on which the Executive Director has been appointed.

88 Consultants

An R&D Corporation may engage persons having suitable qualifications and experience as consultants to the Corporation.

The terms and conditions of engagement are to be determined by the Corporation.

89 Committees

An R&D Corporation may establish committees to assist it in the performance of its functions and the exercise of its powers.

The Corporation may fix the number of members of a committee required to constitute a quorum at a meeting of the committee.

A member of a committee established by the Corporation who is not a director is to be paid such remuneration as is determined by the Remuneration Tribunal, but if no determination of that remuneration by the Tribunal is in operation, is to be paid such remuneration as is prescribed.

Such a member is to be paid such allowances as are prescribed.

(6) This section has effect subject to the Remuneration Tribunal Act 1973.

90 Delegation by R&D Corporation

An R&D Corporation may, by writing under its common seal, delegate all or any of its powers under this Act (except its powers under section 81) to:

a committee of the Corporation; or

a director of the Corporation; or

an employee of the Corporation.

In the exercise of a power delegated by the Corporation, the delegate is subject to the directions of the Corporation.

91 Delegation by Executive Director

The Executive Director of an R&D Corporation may, by writing, delegate to an employee of the Corporation all or any of his or her powers under this Act.

In the exercise of a power delegated by the Executive Director, the delegate is subject to the directions of the Executive Director.

122 Presiding Members of Selection Committees

The Minister must appoint a person as the Presiding Member of the Selection Committee for each R&D Corporation.

A Presiding Member is to be appointed on a part-time basis.

A Presiding Member holds office for the period, not exceeding 3 years, specified in the instrument of appointment but is eligible for re-appointment.

123 Minister may request the establishment of a Selection Committee

The Minister must, for the purposes of:

appointing the nominated directors of an R&D Corporation; or

filling a vacancy caused by the resignation of, or the termination of the appointment of, any such director;

give a written notice to the Presiding Member of the Selection Committee for that R&D Corporation:

if there is no Selection Committee for the R&D Corporation—requesting the Presiding Member to establish the Selection Committee; and

specifying the period within which the Selection Committee must nominate persons, or a person, for appointment.

If the Minister believes on reasonable grounds that a vacancy of a kind referred to in subsection (1) is about to arise, the Minister may give a notice under subsection (1) before the vacancy arises.

124 Establishment of Selection Committees—R&D Corporations

If:

the Presiding Member of the Selection Committee for an R&D Corporation (other than an R&D Corporation to which section 125 applies) receives a request under subsection 123(1); and

there is no Selection Committee for the Corporation;

the Presiding Member must establish the Selection Committee for the purpose of nominating persons for appointment to the Corporation.

The Selection Committee so established consists of the following members:

the Presiding Member;

up to 4 other members appointed by the Minister on the nomination of the Presiding Member.

For the purposes of nominating the other members, the Presiding Member must:

consult with each of the Corporation’s representative organisations; and

have regard to the desirability of reflecting diversity, including a diversity of expertise, experience and gender, among the nominees.

Subject to subsections (4) and (5), the Minister must appoint the persons nominated by the Presiding Member.

Where the Minister is not satisfied that a person nominated for appointment should be appointed, the Minister may reject the nomination and request another nomination.

Where the Minister is satisfied that nominations for membership of a Selection Committee, as provided for under paragraph (2)(b) or subsection (4), will not be made within a reasonable time, the Minister may appoint persons to be members of the Selection Committee as if they had been so nominated.

The performance of the function, and the exercise of the powers, of a Selection Committee for an R&D Corporation are not affected merely because of vacancies in the Selection Committee’s membership.

125 Establishment of Selection Committees—predominantly Commonwealth funded R&D Corporations

This section applies to an R&D Corporation if the regulations declare the Corporation to be a predominantly Commonwealth funded R&D Corporation.

If a request is made under subsection 123(1) to the Presiding Member of the Selection Committee for the R&D Corporation:

if there is no Selection Committee for the R&D Corporation—the Presiding Member must establish the Selection Committee for the purpose of nominating persons for appointment to the Corporation; and

the Minister may appoint up to 4 persons as members of that Committee for the purposes of this paragraph; and

the Minister must inform the Presiding Member of any such appointment.

If the Minister has not appointed 4 persons under paragraph (2)(b), the Minister may request the Presiding Member to nominate to the Minister persons for appointment to the Selection Committee.

The Selection Committee so established consists of the following members:

the Presiding Member;

up to 4 other members, being:

the members (if any) appointed by the Minister under paragraph (2)(b); and

such other members appointed by the Minister on the nomination of the Presiding Member.

For the purposes of nominating persons for appointment to the Selection Committee, the Presiding Member must:

consult with each of the Corporation’s representative organisations; and

have regard to the desirability of reflecting diversity, including a diversity of expertise, experience and gender, among the nominees.

Subject to subsections (6) and (7), the Minister must appoint the persons nominated by the Presiding Member.

Where the Minister is not satisfied that a person nominated for appointment should be appointed, the Minister may reject the nomination and request another nomination.

Where the Minister is satisfied that nominations for membership of a Selection Committee, as provided for under subparagraph (4)(b)(ii) or subsection (6), will not be made within a reasonable time, the Minister may appoint persons to be members of the Selection Committee as if they had been so nominated.

The performance of the function, and the exercise of the powers, of a Selection Committee for an R&D Corporation to which this section applies are not affected merely because of vacancies in the Selection Committee’s membership.

127 Function of Selection Committees

The function of a Selection Committee for an R&D Corporation is to nominate, at the request of the Minister, persons to the Minister for appointment as nominated directors of the R&D Corporation.

128 Powers of Selection Committees

A Selection Committee has power to do all things that are necessary or convenient to be done in connection with the performance of its function.

129 When Selection Committees abolished

A Selection Committee is abolished by force of this subsection at the later of the following times:

when the term of office of the Presiding Member in which the Selection Committee was established ends (disregarding any term for which the Presiding member is reappointed);

if, when that term ends, the Selection Committee is part way through a selection process—when that selection process is complete.

For the purposes of paragraph (1)(b), a selection process is complete as soon as all appointments to which the selection process relates have been made.

130 Nominations to be made by Selection Committees

A Selection Committee for an R&D Corporation must, within the period specified by the Minister in a request under section 123, give to the Minister a written notice nominating the person or persons it considers suitable for appointment to the R&D Corporation, having regard to the desirability of reflecting diversity, including a diversity of expertise, experience and gender, among the nominees.

For the purpose of enabling it to make a nomination, the Selection Committee:

must invite nomination of persons for appointment by advertisements placed in a publication, or published on a website, that it considers appropriate; and

must invite nomination of persons for appointment from the representative organisation or representative organisations of the R&D Corporation; and

may invite nomination of persons for appointment in any other way it considers appropriate; and

must make a list of persons the Selection Committee considers suitable for nomination and the details of their expertise and experience.

A notice under subsection (1) is to include a statement:

containing, in respect of each nominee:

details of the nominee’s qualifications and experience; and

any other information, relating to the nominee, that the Selection Committee considers will assist the Minister in deciding whether or not to appoint the nominee; and

specifying how, in the Selection Committee’s opinion, the nomination or nominations will best ensure that the directors of the R&D Corporation concerned collectively possess:

an appropriate balance of expertise in accordance with subsection 131(2); and

experience in board affairs; and

appropriate diversity.

131 Selecting persons for nomination

A Selection Committee must not nominate a person for appointment to an R&D Corporation unless the person appears to the Selection Committee to be suitably qualified for appointment because of expertise in one or more of the following fields:

commodity production;

commodity processing;

commodity marketing;

conservation of natural resources;

management of natural resources;

science;

technology and technology transfer;

environmental and ecological matters;

economics;

administration of research and development;

finance;

business management;

communication;

public administration.

Before making a nomination for appointment to an R&D Corporation, the Selection Committee must consult the Chairperson (if any) of the Corporation, on the appropriate balance of expertise and experience of directors of the Corporation that, in the Chairperson’s opinion, would best ensure the effective performance of the Corporation’s functions.

In making a nomination, the Selection Committee must choose from the available candidates the person who will best ensure that the directors of the R&D Corporation concerned collectively possess:

an appropriate balance of expertise in as many as possible of the fields referred to in subsection (1), having regard to each designated primary industry sector in relation to the Corporation; and

experience in board affairs.

A person may be nominated by a Selection Committee even if, on one or more previous occasions:

a proposal for a nomination for the person’s appointment to an R&D Corporation has been rejected at a meeting of a Selection Committee; or

the Minister has rejected such a nomination.

The Selection Committee must not invite nominations under paragraphs 130(2)(a) to (c) in relation to the appointment if:

the Selection Committee is satisfied that a person included on a list made within the previous 18 months under paragraph 130(2)(d) is suitable for nomination by the Selection Committee; and

the person has not been included on a list of persons given to the Minister under paragraph 132(2)(b) in relation to the appointment.

132 Selection Committee to make only one nomination

Subject to the Minister.section 134, the Selection Committee is to nominate only one person in respect of each appointment to be made by

The Selection Committee must also provide the Minister with:

details of the expertise and experience of the nominees; and

a list of any other persons the Selection Committee considers suitable for nomination and the details of their expertise and experience.

133 Minister may request further information

Where the Minister considers the statement provided by a Selection Committee in a notice under subsection 130(3) to be inadequate, the Minister may give to the Presiding Member of the Selection Committee a written notice requesting the Selection Committee to provide the Minister with further specified information within the period specified in the notice.

134 Minister may reject nomination

Where the Minister is not satisfied that a nominee or any other person listed by a Selection Committee is suitable for appointment to an R&D Corporation, the Minister may give to the Presiding Member of the Selection Committee a written notice requesting another nomination within a specified period.

For the purposes of this Part (other than sections 124 and 125):

such a notice is to be taken to be a notice under section 123; and

the period specified in the notice is to be taken to be the period specified in a notice under section 123.

135 Selection arrangements for proposed R&D Corporations

Where:

(a) regulations declaring the establishment of an R&D Corporation (in this section called the proposed Corporation) under section 8 have been made but are not yet in force; and

the Minister has declared under section 7 one or more specified organisations to be representative organisations in relation to the proposed Corporation;

then:

the Minister may appoint a person under section 122 to be the Presiding Member of the Selection Committee for the proposed Corporation; and

the Minister may appoint persons to be directors of the proposed Corporation, but such appointments are only to take effect when the regulations declaring the establishment of the proposed Corporation come into force; and

this Part applies in relation to appointments of nominated directors of the proposed Corporation as if the proposed Corporation were an R&D Corporation.

The Commonwealth is liable to pay the expenses, and discharge the liabilities, incurred by a Selection Committee in connection with the performance of its function, and the exercise of its powers, in relation to the selection of directors for appointment to the proposed Corporation before the regulations declaring the establishment of the proposed Corporation as an R&D Corporation come into force.

When the regulations come into force:

the R&D Corporation thus established is liable to reimburse the Commonwealth for any amounts the Commonwealth has paid as a result of a liability arising under subsection (2); and

any liability arising under subsection (2) in respect of which the Commonwealth has yet to make payments is to be taken to be transferred to the R&D Corporation and to be a liability incurred by the Corporation in the performance of its functions.

138 Applied provisions and disclosure of interest provisions

Applied provisions

Divisions 6 and 8 of Part 2 (other than subsection 48(2) and sections 53, 65, 66 and 74) apply in relation to a Selection Committee, the Presiding Member of the Selection Committee and the members of the Selection Committee as if:

references in those Divisions to an R&D Corporation were references to the Selection Committee; and

references in those Divisions to the Chairperson of an R&D Corporation were references to the Presiding Member; and

references in those Divisions to a director of an R&D Corporation were references to a member of the Selection Committee; and

the reference in subsection 47(1) to the functions of an R&D Corporation were a reference to the function of the Selection Committee; and

the reference in subsection 48(3) to the Deputy Chairperson of an R&D Corporation were omitted; and

the references in section 73 to a nominated director of an R&D Corporation were references to a member of the Selection Committee.

Disclosure of interests

If:

a member of the Selection Committee has a direct or indirect pecuniary interest in a matter being considered, or about to be considered, by the Committee; and

the interest could conflict with the proper performance of the member’s duties in relation to the matter;

the member must disclose the nature of the interest at a meeting of the Committee as soon as practicable after the member knows the relevant facts.

The disclosure must be recorded in the minutes of the meeting.

Unless the Committee determines otherwise, the member must not:

be present during any deliberation of the Committee in relation to the matter; or

take part in any decision of the Committee in relation to the matter.

A member who has a direct or indirect pecuniary interest in a matter to which a disclosure relates must not:

be present during any deliberation of the Committee for the purpose of making a determination under subsection (4); or

take part in the Committee’s making of the determination.

The Minister may terminate the appointment of a member (including the Presiding Member) of a Selection Committee if the member, without reasonable excuse, contravenes subsection (2), (4) or (5).

139 Employees

The Presiding Member of a Selection Committee may, on behalf of the Selection Committee, employ persons to perform administrative and clerical services in connection with the performance of its function and the exercise of its powers.

The Presiding Member of a Selection Committee for an R&D Corporation must not employ a person who is an employee of the R&D Corporation.

The terms and conditions of employment are to be determined by the Selection Committee.

140 Consultants

The Presiding Member of a Selection Committee may, on behalf of the Selection Committee, engage persons having suitable qualifications and experience as consultants to the Selection Committee to assist it in identifying a suitable person or persons for nomination.

The terms and conditions of engagement are to be determined by the Selection Committee.

141 Annual reports of Selection Committees

The Presiding Member of the Selection Committee for an R&D Corporation must, as soon as practicable after 30 June in each year, prepare and give to the Minister a report of the operations, during the immediately preceding financial year, of the Selection Committee (if any) established by the Presiding Member or another person who was the Presiding Member of the Selection Committee for the R&D Corporation.

(1AAA) Subsection (1) does not apply if the Selection Committee (if any) for the R&D Corporation did not conduct any operations during the immediately preceding financial year.

(1AA) Without limiting subsection (1), a report for a financial year must include an assessment of the processes undertaken by the Selection Committee (if any) for the R&D Corporation to identify the widest possible field of available candidates for nomination for appointment to the Corporation.

A report for a financial year may, subject to agreement between the Presiding Member and the Chairperson of the R&D Corporation concerned, be included, as a discrete part, in the Corporation’s annual report for that financial year.

If subsection (1A) does not apply to a report under this section, the Minister must cause a copy of the report to be laid before each House of the Parliament within 15 sitting days of that House after the Minister has received the report.

Where the first appointment of a Presiding Member of a Selection Committee for an R&D Corporation does not commence on 1 July, subsection (1) has effect in relation to the period commencing on the day the appointment commences and ending on the next 30 June as if:

where the period is less than 3 months—the period were included in the next financial year; or

in any other case—the period were a financial year.

In this section:

R&D Corporation includes a proposed Corporation within the meaning of section 135.