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INCOME TAX ASSESSMENT ACT 1997 - SECT 415.55

Applications for designation

  (1)   An entity may apply to the * Infrastructure CEO to have the Infrastructure CEO designate an * enterprise (the infrastructure project ) that is a proposed investment in, or enhancement to, infrastructure as being an infrastructure project in relation to which Subdivision   415 - B applies.

Note:   The Infrastructure CEO holds office under the Infrastructure Australia Act 2008 .

  (2)   The application must include an estimate of the * infrastructure project capital expenditure that would be incurred for the purpose of the infrastructure project.

  (3)   Subsection   (2) does not apply to * infrastructure project capital expenditure to the extent that the infrastructure project capital expenditure would be:

  (a)   incurred by an * Australian government agency; or

  (b)   funded by a grant from an Australian government agency.

  (4)   The application must:

  (a)   be in a form (if any) approved by the * Infrastructure CEO; and

  (b)   be accompanied by the fee (if any) prescribed by the * infrastructure project designation rules.

  (5)   A fee prescribed as mentioned in paragraph   (4)(b) is payable to the * Infrastructure CEO, on behalf of the Commonwealth.


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