Industry Research and Development Board
IR&D Board
1986 – 27 September 2007
Renamed Innovation Australia in 2007.
Statutory board that administered the main Commonwealth support for business research and development, registering companies for the research and development tax concession and deciding on competitive grants, with staff support from the industry department and later AusIndustry.
Names over time
- Industry Research and Development Board1986–2007
- Innovation Australia2007–2016
- Innovation and Science Australia2016–2021
- Industry Innovation and Science Australia2021–present
How it came into existence
Established under the Industry Research and Development Act 1986, replacing the Australian Industrial Research and Development Incentives Board.
- Administration of industrial research and development grants
Legislation: Industry Research and Development Act 1986
How it ended
Renamed Innovation Australia on 27 September 2007 by amendment of the Industry Research and Development Act 1986, which also merged the Venture Capital Registration Board into the renamed board.
Main functions
- Registration of companies for the research and development tax concession
- Competitive research and development grants
- Venture capital and innovation investment programs
- Advice to the minister on industry research and development
Where it sits
Last in the portfolio of Department of Industry, Tourism and Resources.
Lineage
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Sources
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.