DEVELOPMENT ALLOWANCE AUTHORITY ACT 1980 (ARCHIVE)

CHAPTER 2 - DEVELOPMENT ALLOWANCE  

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PART 2 - KEY CONCEPTS RELATING TO PROJECTS  

Division 2 - Joint venture projects, joint venture project schemes, company group project schemes and individual project schemes  

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SECTION 14A (ARCHIVE)   INDIVIDUAL PROJECT SCHEMES  

14A(1)   Election to treat aggregate of projects as individual project scheme.  

For the purposes of this Chapter, an entity may elect that the aggregate of 2 of more specified projects carried out by the entity is to be treated as an individual project scheme.

Example:


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14A(2)   Productive facilities must pass the vertical integration test.  

The election has no effect unless the productive facilities included in the scheme pass the vertical integration test.

14A(3)   Form of election.  

The election:


(a) is to be given to the DAA; and


(b) must be in writing in the approved form.

14A(4)   Election is irrevocable.  

The election is irrevocable, but this subsection does not prevent the DAA from:


(a) granting an application under Part 5 for a variation of a scheme; or


(b) granting an application under Division 1 of Part 6 for transfer of the benefits of a registration or certificate relating to a project which forms part of a scheme.

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