Commonwealth Numbered Acts

EXPORT MARKET DEVELOPMENT GRANTS ACT 1974 No. 154 of 1974 - SECT 7

7. (1) Where, during the period of 3 financial years immediately before a
grant year, a claimant has not incurred in relation to a market eligible
expenditure exceeding a total amount of $5,000, that market shall, in respect
of that grant year and the next 2 succeeding grant years, be treated as a new
market in relation to that claimant.

(2) Where a particular market has been treated as a new market in relation to
a particular claimant in respect of a period of 3 grant years, it shall not be
so treated in respect of any other grant year.

(3) In this section-

   (a)  a reference to a financial year includes a reference to a financial
        year that is a grant year;

   (b)  a reference to a market, in relation to a period before a grant year,
        is a reference to the territory comprised in a country or external
        Territory that is prescribed as a market for the purposes of the
        application of this Act in relation to that grant year; and

   (c)  a reference to eligible expenditure, in relation to a time before 1
        July 1974, is a reference to expenditure that would have been eligible
        expenditure if this Act had been in force at that time.