DEVELOPMENT ALLOWANCE AUTHORITY ACT 1992 (REPEALED)
View history note
Hide history noteThe DAA may, by written notice to the holder, cancel a certificate if the DAA is satisfied that the holder has not complied with the conditions applying to the certificate.
93ZB(2) Cancellation of certificates connected with a cancelled direct infrastructure borrowing certificate.If the DAA cancels the certificate that applies to a direct infrastructure borrowing, it must also cancel any certificate applying to:
(a) an indirect infrastructure borrowing, where the direct infrastructure borrowing is the one mentioned in subparagraph 93G(b)(i) ; and
(b) a refinancing infrastructure borrowing that relates to the direct infrastructure borrowing. 93ZB(3) Cancellation of certificates connected with a cancelled indirect infrastructure borrowing certificate.
If the DAA cancels (whether under subsection (2) or otherwise) the certificate that applies to an indirect infrastructure borrowing, it is taken to have also cancelled any certificate that applies to a refinancing infrastructure borrowing that relates to the indirect infrastructure borrowing. The grounds relied on by the DAA for cancelling the certificate that applies to the refinancing infrastructure borrowing are taken to be the same as the grounds relied on by the DAA for cancelling the certificate that applies to the indirect infrastructure borrowing.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
