Commonwealth Numbered Acts

DEVELOPMENT ALLOWANCE AUTHORITY ACT 1992 No. 99 of 1992 - SECT 24

24.(1) This section applies to the following documents:

   (a)  an application made by an entity under this Act;

   (b)  a registration;

   (c)  a certificate. (Specification of project)

(2) The specification of a project in a document must be sufficiently detailed
so as to enable the project, and the constituent elements of the project, to
be clearly identified. (Specification of plant expenditure)

(3) The specification of plant expenditure in a document:

   (a)  must be made by reference to a description of the nature, use,
        proposed use or other attributes of the unit or units of plant
        concerned (whether that description relates to individual units of
        plant or to units of plant included in a particular class of units of
        plant); and

   (b)  must not be made by reference to a dollar amount. (Example of
        specification of plant expenditure)

(4) The following is an example of the specification of plant expenditure in a
case involving a project consisting of the establishment of a combined office
block/hotel where:

   (a)  some units of plant (such as hotel furniture and fittings) are
        exclusively for use in the hotel; and

   (b)  other units of plant (such as central air-conditioning plant) are for
        use in connection with both the office accommodation and the hotel.
        Example:
Specification of plant expenditure covered by
paragraph (a)

"Expenditure proposed to be incurred in respect of the acquisition of the new
units of plant described in Part A of the Schedule to this (document), where
the expenditure is proposed to be incurred in carrying out the (specified)
project".
Plant expenditure covered by paragraph (b)

"So much of the expenditure proposed to be incurred in respect of the
acquisition of the new units of plant described in Part B of the Schedule to
this (document) as is attributable to the (specified hotel part), where the
expenditure is proposed to be incurred in carrying out the (specified)
project".