On 17 February 2021, the Government introduced the Industry Research and Development Amendment (Industry Innovation and Science Australia) Bill 2021 (IISA Bill) in the Senate. On 18 March 2021, the Bill passed the Senate and it was introduced into the House of Representatives on 22 March 2021. The main purpose of the Bill is to rename the statutory board called Innovation and Science Australia (ISA) to Industry, Innovation and Science Australia (IISA). The Bill also makes consequential amendments to other Commonwealth legislation resulting from the name change. While the addition of a single word may appear minor, it is indicative of the Government’s emphasis on ensuring that inno... Read more...
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