Commonwealth Numbered Acts

DEVELOPMENT ALLOWANCE AUTHORITY ACT 1992 No. 99 of 1992 - SECT 55

55. If the DAA grants an application for transfer of the benefits of a
certificate, the DAA must:

   (a)  terminate the transferor's certificate, with effect in relation to
        expenditure incurred by the transferor after:

        (i)    the date on which the DAA grants the application for transfer;
               or

        (ii)   if the transferor requests - such earlier date as the DAA
               specifies; and

   (b)  grant the transferee a pre-qualifying certificate in relation to the
        whole or a specified part of the plant expenditure incurred, or
        proposed to be incurred, by the transferee in carrying out completion
        of the project concerned (with or without modification).