The Industry Research and Development Amendment (Innovation and Science Australia) Bill 2016 was introduced into the House of Reps on Wed 4.5.2016. The Bill makes consequential amendments to a number of Acts in relation to broadening the purposes and functions under the Industry Research and Development Act 1986 to provide for strategic advice and programs in relation to industry, innovation, science and research.
The Bill incorporates changes to replace references to “Innovation Australia” with “Innovation and Science Australia” in the ITAA 1997 and TAA, among other Acts.
The Bill commences, in general, on the day after its Royal Assent.