Review of Decisions under Industry Research and Development Legislation, 1988
Summary of the report
The report was transmitted to the Government in November 1988, and tabled in Parliament on 13 December 1988.
The report examines discretionary powers of the Industry Research and Development Board under the Industry Research and Development Act 1986, and discretionary powers of the Management and Investment Companies Licensing Board under the Management and Investment Companies Act 1983 and the Income Tax Assessment Act 1936. The report contains 14 recommendations, most of which recommend that particular decisions ought to be made subject to review by the Administrative Appeals Tribunal ('AAT').
Response to the report
The Government accepted the Council's recommendation that decisions of the Industry Research and Development Board, relating to eligibility for tax concessions for industrial research and development activities, were suitable for merits review by the AAT.