Industry Research and Development Act 1986

PART I - PRELIMINARY  

SECTION 3   3   OBJECT OF ACT  


The object of this Act is to position Australia as a leading innovation nation by:


(a) facilitating the provision of independent strategic advice about investment in industry, innovation, science and research; and


(b) supporting and encouraging collaboration in the development and delivery of programs relating to industry, innovation, science and research; and


(c) authorising spending on programs relating to industry, innovation, science and research; and


(d) promoting the development, and improving the efficiency and international competitiveness, of Australian industry by encouraging R & D activities, innovation and science activities and venture capital activities.




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