Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)

Schedule 12   Innovation Australia

Part 1   Main amendments

Industry Research and Development Act 1986

37   After subsection 22(2B)

Insert:

(2BA) Despite subsection (2B), a person may be appointed as a member of a committee for no more than 2 further consecutive terms if:

(a) during the previous 2 consecutive terms the person was not the Chairperson of the committee; and

(b) the person will be the Chairperson of the committee in those further terms.