DEVELOPMENT ALLOWANCE AUTHORITY ACT 1980 (ARCHIVE)

CHAPTER 2 - DEVELOPMENT ALLOWANCE  

PART 2 - KEY CONCEPTS RELATING TO PROJECTS  

Division 3 - Basic eligibility test  

SECTION 16 (ARCHIVE)   WHEN INDUSTRIES OR ACTIVITIES BENEFIT FROM A SUBSTANTIAL LEVEL OF INDUSTRY ASSISTANCE  

16(1)   [Rate of assistance exceeds 10%]  

For the purposes of this Chapter, an industry or activity is taken to benefit from a substantial level of industry assistance if, and only if, the DAA is satisfied that the lower of:

(a) the nominal rate of industry assistance from all levels of government; or

(b) the effective rate of industry assistance from all levels of government;

is more than 10%.

16(2)   [Calculation of rate]  

For the purposes of this section, a rate is to be worked out:

(a) using the method used by the Productivity Commission; and

(b) on the assumption that levels of industry assistance are equal to the levels that the government concerned proposes to apply on 1 July 1996.