Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 415 - Designated infrastructure projects  

Subdivision 415-C - Designating infrastructure projects  

Designating infrastructure projects

SECTION 415-55   Applications for designation  

415-55(1)    

An entity may apply to the *Infrastructure CEO to have the Infrastructure CEO designate an * enterprise (the infrastructure project ) that is a proposed investment in, or enhancement to, infrastructure as being an infrastructure project in relation to which Subdivision 415-B applies.

Note:

The Infrastructure CEO holds office under the Infrastructure Australia Act 2008 .

415-55(2)    
The application must include an estimate of the * infrastructure project capital expenditure that would be incurred for the purpose of the infrastructure project.

415-55(3)    
Subsection (2) does not apply to * infrastructure project capital expenditure to the extent that the infrastructure project capital expenditure would be:

(a) incurred by an * Australian government agency; or

(b) funded by a grant from an Australian government agency.

415-55(4)    
The application must:

(a) be in a form (if any) approved by the *Infrastructure CEO; and

(b) be accompanied by the fee (if any) prescribed by the * infrastructure project designation rules.

415-55(5)    

A fee prescribed as mentioned in paragraph (4)(b) is payable to the *Infrastructure CEO, on behalf of the Commonwealth.