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TEXTILE, CLOTHING AND FOOTWEAR STRATEGIC INVESTMENT PROGRAM ACT 1999 - SECT 12

Duration of scheme
(1)
This section sets out policy objectives for the TCF (SIP) scheme.

(2)
The objectives are as follows:

(a)
the objective that grants in respect of new TCF plant/building expenditure may only be made to an entity in respect of amounts that, under the scheme, are taken to be eligible expenditure incurred by the entity during:

(i)
the entity's 1998-1999 income year; or
(ii)
the entity's 1999-2000 income year; or
(iii)
the entity's 2000-2001 income year; or
(iv)
the entity's 2001-2002 income year; or
(v)
the entity's 2002-2003 income year; or
(vi)
the entity's 2003-2004 income year; or
(vii)
the entity's 2004-2005 income year;
(b)
the objective that grants in respect of TCF research and development expenditure may only be made to an entity in respect of amounts that, under the scheme, are taken to be eligible expenditure incurred by the entity during:

(i)
the entity's 2000-2001 income year; or
(ii)
the entity's 2001-2002 income year; or
(iii)
the entity's 2002-2003 income year; or
(iv)
the entity's 2003-2004 income year; or
(v)
the entity's 2004-2005 income year;
(c)
the objective that:

(i)
special grants in respect of second-hand TCF plant expenditure; and
(ii)
special miscellaneous grants in respect of TCF-dependent communities;
may only be made to an entity in respect of amounts that, under the scheme, are taken to be eligible expenditure incurred by the entity during:

(iii)
the entity's 1999-2000 income year; or
(iv)
the entity's 2000-2001 income year; or
(v)
the entity's 2001-2002 income year; or
(vi)
the entity's 2002-2003 income year; or
(vii)
the entity's 2003-2004 income year; or
(viii)
the entity's 2004-2005 income year;
(d)
the objective that grants in respect of TCF value-adding may only be made to an entity in respect of activities that, under the scheme, are taken to be eligible activities carried on by the entity during:

(i)
the entity's 2000-2001 income year; or
(ii)
the entity's 2001-2002 income year; or
(iii)
the entity's 2002-2003 income year; or
(iv)
the entity's 2003-2004 income year; or
(v)
the entity's 2004-2005 income year.

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