DEVELOPMENT ALLOWANCE AUTHORITY ACT 1980 (ARCHIVE)

CHAPTER 2 - DEVELOPMENT ALLOWANCE  

PART 6 - TRANSFER OF BENEFITS OF REGISTRATION OR CERTIFICATE  

Division 3 - Re-constituted partnerships  

SECTION 68 (ARCHIVE)  

68   REGISTRATION CANCELLED, AND CERTIFICATE TERMINATED, IF PARTNERSHIP IS RE-CONSTITUTED  
If:

(a) either:

(i) plant expenditure is registered in the name of a partnership; or

(ii) a partnership holds a certificate in relation to plant expenditure; and

(b) there is a change in the constitution of the partnership;

then:

(c) in the case of a registration - the registration is cancelled; and

(d) in the case of a certificate - the certificate is terminated with effect in relation to expenditure incurred by the partnership after the date of the change.