Income Tax Assessment Act 1997
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Hide history noteSECTION 415-75 Infrastructure project capital expenditure cap 415-75(1)
Provisional designation, or designation, of the infrastructure project would breach the * infrastructure project capital expenditure cap under this section if, were the provisional designation or designation to occur, the total of the estimates accepted under section 415-80 for each infrastructure project that, just after the provisional designation or designation, would be:
(a) a * provisionally designated infrastructure project; or
(b) a * designated infrastructure project;
would exceed the amount mentioned in subsection (2).
415-75(2)
The amount is:
(a) $ 25 billion; or
(b) if the * infrastructure project designation rules prescribe a greater amount - that prescribed amount.
415-75(3)
For the purposes of subsection (1), disregard so much of the amount of an estimate for an infrastructure project (the listed infrastructure project ) as relates to a part of the listed infrastructure project, if:
(a) that part of the listed project is (or would be, were the provisional designation or designation mentioned in that subsection to occur):
(i) a * provisionally designated infrastructure project; or
(ii) a * designated infrastructure project; and
(b) the listed infrastructure project is included on an Infrastructure Priority List.
Note:
For Infrastructure Priority Lists, see paragraph 5(b) of the Infrastructure Australia Act 2008 .
415-75(4)
In this Act:
infrastructure project capital expenditure
:
(a) has the meaning given by the * infrastructure project designation rules; or
(b) if the infrastructure project designation rules do not give infrastructure project capital expenditure a meaning - means capital expenditure.
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