DEVELOPMENT ALLOWANCE AUTHORITY ACT 1980 (ARCHIVE)

CHAPTER 2 - DEVELOPMENT ALLOWANCE  

PART 2 - KEY CONCEPTS RELATING TO PROJECTS  

Division 5 - $50 million threshold test  

SECTION 18 (ARCHIVE)  

18   $50 MILLION THRESHOLD TEST FOR PROJECT EXPENDITURE  
For the purposes of this Chapter, expenditure incurred, or proposed to be incurred, by an entity in carrying out a project passes the $50 million threshold test if:

(a) if the project is part of a joint venture project but not part of a joint venture project scheme - the sum of:

(i) the gross capital expenditure incurred by the entity in respect of carrying out that part of the project; and

(ii) the gross capital expenditure incurred by each other party to the joint venture in respect of carrying out each other part of the joint venture project;

is $50 million or more; or

(aa) if the project is both part of a joint venture project and part of a joint venture project scheme - the sum of:

(i) the gross capital expenditure incurred by the entity in respect of carrying out that part of the project; and

(ii) the gross capital expenditure incurred by the entity and by each other party to the joint venture in respect of carrying out each other part or parts of the joint venture project scheme;

is $50 million or more; or

(b) if the project is part of a company group project scheme - the sum of:

(i) the gross capital expenditure incurred by the entity in respect of carrying out the project; and

(ii) the gross capital expenditure incurred by each other group company in respect of carrying out the other project or projects to which the scheme relates;

is $50 million or more; or

(ba) if the project is part of an individual project scheme - the sum of:

(i) the gross capital expenditure incurred by the entity in respect of carrying out the project; and

(ii) the gross capital expenditure incurred by the entity in respect of carrying out the other project or projects to which the scheme relates;

is $50 million or more; or

(c) in any other case - the gross capital expenditure incurred by the entity in respect of carrying out the project is $50 million or more.