DEVELOPMENT ALLOWANCE AUTHORITY ACT 1980 (ARCHIVE)
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Hide history noteFor 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
is $50 million or more; or
(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;
(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
is $50 million or more; or
(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;
(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
is $50 million or more; or
(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;
(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
is $50 million or more; or
(ii) the gross capital expenditure incurred by the entity in respect of carrying out the other project or projects to which the scheme relates;
(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.
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