INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
[ CCH Note: The Heritage conservation rebate will be converted into a grants program from 1 July 1999 - see Div 30 of ITAA '97. The new program, announced in the 1999/2000 Federal Budget and named the Cultural Heritage Projects Program, will have a total funding cap of $3.6m for 1999/2000.
The Cultural Heritage Projects Program is a program funded for six years from 1 July 1999. The program is administered by Environment Australia and is open to private owners, legally incorporated not-for-profit organisations and local government authorities.
The program supports the conservation of places of cultural significance - historic and Indigenous heritage. Only historic or Indigenous places on the Register of the National Estate, its Interim list or State heritage registers are eligible for funding. Projects that aim to identify Indigenous Heritage places for appropriate listing or conservation planning may also be supported.]
View history note
Hide history noteThe Minister must, by legislative instrument, specify an amount as the maximum approval limit for each financial year in respect of applications for provisional certificates.
[ CCH Note: The Minister has specified that the maximum approval limit for each of the financial years beginning in 1994, 1995, 1996 and 1997 is $9,500,000 (see Commonwealth Gazette GN 28, 16 July 1997; No S 195, 2 June 1994). For the 1998/99 financial year the limit is also $9.5 million ( Gazette GN 23, 10 June 1998, p 1658). See also Note under Subdiv AAD heading.]
The maximum approval limit for a financial year must be specified before the Minister issues any provisional certificates in that financial year.
159UD(3) [Qualifying expenditure limit]The Minister must not, under paragraph 159UK(d), specify a qualifying expenditure limit that would cause the maximum approval limit for that financial year to be exceeded.
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