Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

ACIS ADMINISTRATION ACT 1999 - SECT 32

Ongoing requirement of AMTP registration

                   The ongoing requirement of registration of an AMTP is:

                     (a)  unless paragraph (b) applies:

                              (i)  that the production value of the automotive machine tools and automotive tooling produced by the AMTP in Australia, in each period required under section 34, must be at least $500,000; and

                             (ii)  that at least 50% of that production value must have been for automotive machine tools and automotive tooling used to produce original equipment; or

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



[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]