DEVELOPMENT ALLOWANCE AUTHORITY ACT 1980 (ARCHIVE)
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Hide history noteFor the purposes of this Chapter, the parties to a joint venture may elect that the aggregate of 2 or more specified joint venture projects carried out by the parties to the joint venture is to be treated as a joint venture project scheme.
Example:
The election has no effect unless, assuming that the productive facilities included in the scheme were operated by the same entity, the productive facilities would be taken to pass the vertical integration test.
13A(3) Form of election.(a) is to be given to the DAA; and
(b) must be in writing in the approved form. 13A(4) Election is irrevocable.
The election is irrevocable, but this subsection does not prevent the DAA from granting an application under Part 5 for a variation of a scheme.
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