Commonwealth Numbered Acts

DEVELOPMENT ALLOWANCE AUTHORITY ACT 1992 No. 99 of 1992 - SECT 74

74. If the DAA grants an application for transfer of the benefits of
registration, this Act has effect, in relation to an application made by the
new partnership for registration of, or for a certificate in relation to, the
whole or a part of the plant expenditure incurred, or proposed to be incurred,
by the new partnership in carrying out the completion of the project concerned
(with or without modification), as if:

   (a)  section 27 (which deals with the timing of applications for
        registration) had not been enacted; and

   (b)  the $50 million threshold test were modified so that so much of:

        (i)    the gross capital expenditure incurred by the old partnership
               in respect of carrying out the project; and

        (ii)   if there have been one or more prior successive
               old partnerships - the gross capital expenditure incurred by
               the prior successive old partnerships in respect of carrying
               out the project; as the DAA considers reasonable were treated
               as if it were gross capital expenditure incurred by the
               new partnership in carrying out the project.