Commonwealth Numbered Acts

DEVELOPMENT ALLOWANCE AUTHORITY AMENDMENT ACT 1992 No. 129 of 1992 - SECT 3

3. Section 4 of the Principal Act is amended:

   (a)  by inserting in paragraph (c) "if the expenditure is in respect of the
acquisition or construction of plant-" before "the DAA";

   (b)  by adding at the end the following paragraph:

"(d) if the expenditure is in respect of the lease of plant-the DAA will issue
a certificate pre-qualifying the lessor's expenditure for the tax incentive
known as development allowance if:

        (i)    the lessee's expenditure has been registered; and

        (ii)   a substantial commitment to the completion of the project has
               occurred before 1 July 1996; and

        (iii)  certain other criteria are satisfied.".