DEVELOPMENT ALLOWANCE AUTHORITY REGULATIONS 1995 NO. 30 

DEVELOPMENT ALLOWANCE AUTHORITY REGULATIONS 1995 NO. 30 
- TABLE OF PROVISIONS

1. Citation  
2. Interpretation  
3. Prescribed investments  
4. Intended maximum cost to the Commonwealth of taxation benefits  


1995 No. 30 DEVELOPMENT ALLOWANCE AUTHORITY REGULATIONS
- REG 1
Citation


  1. These Regulations may be cited as the Development Allowance Authority
Regulations.
(NOTE: These Regulations commence on gazettal: see Acts Interpretation Act
1901, s. 48.)


1995 No. 30 DEVELOPMENT ALLOWANCE AUTHORITY REGULATIONS
- REG 2
Interpretation


  2. In these Regulations, unless the contrary intention appears:
  "the Act" means the Development Allowance Authority Act 1992.


1995 No. 30 DEVELOPMENT ALLOWANCE AUTHORITY REGULATIONS
- REG 3
Prescribed investments


  3. (1) For the purpose of the definition of "prescribed investment" in
subsection 93D (1) of the Act, each of the following kinds of investment is
prescribed:
  (a) an investment by way of a loan to a bank; or
  (b) an investment by way of a deposit with a bank; or
  (c) an investment by way of a debenture of a bank.

  (2) In subregulation (1), "bank" means a bank within the meaning of the
Banking Act 1959 or a State bank.


1995 No. 30 DEVELOPMENT ALLOWANCE AUTHORITY REGULATIONS
- REG 4
Intended maximum cost to the Commonwealth of taxation benefits


  4. For the purpose of subsection 93Y (1) of the Act, the intended maximum
cost to the Commonwealth for a financial year of the taxation consequences of
the issue of certificates is the amount shown opposite that financial year in
the following list:
    Financial year    Amount
    1994-1995         $ 50 million;
    1995-1996         $100 million;
    1996-1997         $150 million;
    1997-1998         $200 million.


- NOTES


1995 No. 30*1* DEVELOPMENT ALLOWANCE AUTHORITY REGULATIONS

- Dated 21 February 1995.


*1* Notified in the Commonwealth of Australia Gazette on 28 February 1995.