Commonwealth Consolidated Acts

DEVELOPMENT ALLOWANCE AUTHORITY ACT 1992 - SECT 93PA

             (1)  After the commencement of the Taxation Laws Amendment (Infrastructure Borrowings) Act 1997 , the DAA must not issue a certificate under this Chapter unless it gave written advice to the applicant for the certificate in accordance with subsection 93P(1) of this Act before the borrowings cut‑off time.

             (2)  Any certificate issued by the DAA under this Chapter during the period from the borrowings cut‑off time until the commencement of the Taxation Laws Amendment (Infrastructure Borrowings) Act 1997 has no effect, and is taken never to have had any effect, unless the DAA gave written advice to the applicant for the certificate in accordance with subsection 93P(1) of this Act before the borrowings cut‑off time.