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DEVELOPMENT ALLOWANCE AUTHORITY ACT 1992 No. 99 of 1992 - SECT 20
Substantial commitment to completion of a project - relevant factors
20. In determining whether a substantial commitment to the completion of a
project has occurred, or is reasonably likely to occur, before a particular
date, the DAA must have regard to:
(a) in any case:
(i) the physical work that has been undertaken in
carrying out the project before that date; and
(ii) the nature of the contracts that have been
entered into before that date in relation to the project; and
(iii) in the case of a project consisting of the expansion,
improvement or upgrading of a productive facility or facilities
- the physical progress made before that date in relation to
the installation of new plant for use in the expanded, improved
or upgraded facility or facilities; and
(iv) such other matters as the DAA considers relevant;
and
(b) if the project is part of a joint venture project:
(i) the physical work that has been undertaken in carrying out the
joint venture project before that date; and
(ii) the nature of the contracts that have been entered into before
that date in relation to the joint venture project; and
(iii) in the case of a joint venture project consisting of the
expansion, improvement or upgrading of a productive facility or
facilities - the physical progress made before that date in
relation to the installation of new plant for use in the
expanded, improved or upgraded facility or facilities; and
(iv) such other matters as the DAA considers relevant; and
(c) if the project is part of a company group project scheme:
(i) the physical work that has been undertaken in
carrying out each other project to which the scheme relates before that date;
and
(ii) the nature of the contracts that have been
entered into before that date in relation to each other project to which the
scheme relates; and
(iii) in the case of a scheme consisting of the expansion,
improvement or upgrading of productive facilities - the
physical progress made before that date in relation to the
installation of new plant for use in the expanded, improved or
upgraded facilities; and
(iv) such other matters as the DAA considers relevant.
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