DEVELOPMENT ALLOWANCE AUTHORITY ACT 1980 (ARCHIVE)

CHAPTER 2 - DEVELOPMENT ALLOWANCE  

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History

Ch 2 heading inserted by No 163 of 1994.

PART 6 - TRANSFER OF BENEFITS OF REGISTRATION OR CERTIFICATE  

Division 2 - Re-constituted joint ventures  

SECTION 58 (ARCHIVE)  

58   REGISTRATION CANCELLED, AND CERTIFICATE TERMINATED, IF JOINT VENTURE IS RE-CONSTITUTED  
If:

(a) either:

(i) plant expenditure is registered in the name of an entity; or

(ii) an entity holds a certificate in relation to plant expenditure; and

(b) the project concerned is part of a joint venture project; and

(c) there is a change in the composition of the parties to the joint venture;

then:

(d) in the case of a registration - the registration is cancelled; and

(e) in the case of a certificate - the certificate is terminated with effect in relation to expenditure incurred by the entity after the date of the change.

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