CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 67 Joint venture declaration test

CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 67

                   A joint venture passes the joint venture declaration test in relation to a facility if:

                     (a)  the joint venture has the facility; and

                     (b)  the participants in the joint venture are parties to an agreement that deals with the facility; and

                     (c)  the facility is operated exclusively for the joint venture by a person (who may be a participant in the joint venture); and

                     (d)  none of the participants in the joint venture is an individual; and

                     (e)  the joint venture is not a mandatory designated joint venture.