Research and Innovation Act 2024

Arrangements with Ministers of Government concerning research and innovation

50. (1) The Agency may, at the request of a Minister of the Government and subject to the consent of the Minister, enter into an agreement or arrangement for the administration of a research and innovation scheme and the award or disbursement or both of funding under that scheme on behalf of that Minister of the Government connected to an area of responsibility arising from the functions of that Minister of the Government.

(2) An agreement or arrangement under subsection (1) shall provide for the following:

(a) the source and level of funding for the research and innovation scheme to be administered by the Agency;

(b) the timing for the disbursement of that funding;

(c) the purpose and areas or topics of research and innovation to which the agreement or arrangement is to apply;

(d) the system for reporting to the Minister of the Government concerned regarding the research and innovation scheme concerned and the disbursement of the funding thereunder;

(e) the arrangements for monitoring the standard and quality of the research and innovation undertaken pursuant to the research and innovation scheme concerned;

(f) the arrangements for the assessment and evaluation of the outcomes and, where appropriate, the impact of the research and innovation undertaken for which funding is awarded under the scheme.