Commonwealth Numbered Acts

DEVELOPMENT ALLOWANCE AUTHORITY AMENDMENT ACT 1992 No. 129 of 1992 - SECT 9

9. After section 14 of the Principal Act the following section is inserted:
Individual project schemes (Election to treat aggregate of projects as
individual project scheme)

"14A.(1) For the purposes of this Act, an entity may elect that the aggregate
of 2 or more specified projects carried out by the entity is to be treated as
an individual project scheme. Example:
           project "A"    +    project "B"    =    individual

project scheme (Productive facilities must pass the vertical integration test)

"(2) The election has no effect unless the productive facilities included in
the scheme pass the vertical integration test. (Form of election)

"(3) The election:

   (a)  is to be given to the DAA; and

   (b)  must be in writing in the approved form. (Election is irrevocable)

"(4) The election is irrevocable, but this subsection does not prevent the DAA
from:

   (a)  granting an application under Part 5 for a variation of a scheme; or

   (b)  granting an application under Division 1 of Part 6 for transfer of the
        benefits of a registration or certificate relating to a project which
        forms part of a scheme.".