Commonwealth Consolidated Acts

ACIS ADMINISTRATION ACT 1999 - SECT 31

Requirement where ACP is not a group

             (1)  The ongoing requirement of registration of an ACP that is not a group of related companies is:

                     (a)  unless paragraph (b) applies:

                              (i)  that the ACP must produce in Australia, in each period required under section 34, at least one kind of automotive component for use as original equipment in at least 30,000 motor vehicles or in at least 30,000 engines and the production value of such component must be at least $500,000; or

                             (ii)  that the production value of the automotive components produced in Australia in each such period by the ACP as original equipment must be at least $500,000 and comprise at least 50% of the production value of all automotive components produced by the ACP; or

                     (b)  if the ACP had been registered following the Minister's permission, under section 20, to apply for that registration--that the ACP comply with the conditions relating to ongoing registration specified by the Minister in granting that permission.

Note:          Regulations made under subsection 17(4) may provide for the meaning of at least one kind of automotive componen t .

Requirement where ACP is a group

             (2)  The ongoing requirement of registration of an ACP that is a group of related companies is:

                     (a)  unless paragraph (b) applies:

                              (i)  that the ACP must produce in Australia, in each period required under section 34, at least one kind of automotive component for use as original equipment in at least 30,000 motor vehicles or in at least 30,000 engines and the production value of such component must be at least $500,000; and

                             (ii)  that the production value of the automotive components produced in Australia in each such period by the ACP as original equipment must comprise at least 50% of the production value of all automotive components produced by the ACP; or

                     (b)  if the ACP had been registered following the Minister's permission, under section 20, to apply for that registration--that the ACP comply with the conditions relating to ongoing registration specified by the Minister in granting that permission.

Note:          Regulations made under subsection 17(4) may provide for the meaning of at least one kind of automotive componen t .