DEVELOPMENT ALLOWANCE AUTHORITY ACT 1980 (ARCHIVE)

CHAPTER 2 - DEVELOPMENT ALLOWANCE  

PART 5 - VARIATION OF REGISTRATION OR CERTIFICATE  

SECTION 42 (ARCHIVE)   APPLICATIONS FOR VARIATION  

42(1)   Variation of registration.  

An entity in whose name plant expenditure is registered may apply to the DAA for a variation of any or all of the following:

(a) the expenditure;

(b) the project to which the registration relates;

(c) if the project is part of a joint venture project - the joint venture project to which the registration relates;

(ca) if the project is part of a joint venture project scheme - the scheme to which the registration relates;

(d) if the project is part of a company group project scheme - the scheme to which the registration relates;

(e) if the project is part of an individual project scheme - the scheme to which the registration relates.

42(2)   Variation of certificate.  

An entity who holds a certificate in relation to plant expenditure may apply to the DAA for a variation of any or all of the following:

(a) the expenditure;

(b) the project to which the certificate relates;

(c) if the project is part of a joint venture project - the joint venture project to which the certificate relates;

(ca) if the project is part of a joint venture project scheme - the scheme to which the certificate relates;

(d) if the project is part of a company group project scheme - the scheme to which the certificate relates;

(e) if the project is part of an individual project scheme - the scheme to which the certificate relates.

42(3)   Joint ventures.  

An entity is not entitled to make an application for a variation of a joint venture project, or a joint venture project scheme, to which a registration or certificate relates unless each other party to the joint venture makes a corresponding application.

42(4)   Company group project schemes.  

A company is not entitled to make an application for a variation of a company group project scheme to which a registration or certificate relates unless each of the other members of the company group involved in the scheme make a corresponding application.