Commonwealth Numbered Acts

EXPORT MARKET DEVELOPMENT GRANTS ACT 1997 No. 57 of 1997 - SECT 11

Subject to section 12, the export earnings of an approved joint venture for a
grant year are the sum of the export earnings of all members of the joint
venture whose income for the grant year is not more than $50,000,000,
excluding any export earnings of a member that:

   (a)  are not in respect of the approved activity, project or purpose of the
        joint venture; or

   (b)  were earned at a time during the grant year when the member was not a
        resident of Australia. Note: For approved joint venture, grant year,
        income and approved activity, project or purpose see section 107. For
        resident of Australia see section 114.