Explanatory Memorandum(Circulated by authority of the Honourable Greg Hunt MP, the Minister for Industry, Innovation and Science)
Statement of Compatibility with Human Rights
Prepared in accordance with Part 3 of the Human Rights (Parliamentary Scrutiny) Act 2011
INDUSTRY RESEARCH AND DEVELOPMENT AMENDMENT (INNOVATION AND SCIENCE AUSTRALIA) BILL 2016
This Bill is compatible with the human rights and freedoms recognised or declared in the international instruments listed in section 3 of the Human Rights (Parliamentary Scrutiny) Act 2011.
Overview of the Bill
The Industry Research and Development Act 1986 (the Act) promotes the development, and improvement in efficiency and international competiveness of Australian industry by encouraging research and development activities, innovation activities and venture capital activities.
The proposed legislative amendments will broaden the purposes and functions under the Act to provide for strategic advice and programs in relation to industry, innovation, science and research. It will broaden the role of the statutory board and provide it with additional functions and a name that reflect the wider parameters of the Act. The proposed legislative amendments will also include a mechanism to allow the Minister to prescribe programs that further the objective of the Act.
Human rights implications
This Bill does not engage any of the applicable rights or freedoms.
This Bill is compatible with human rights as it does not raise any human rights issues.
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