DEVELOPMENT ALLOWANCE AUTHORITY ACT 1992 (REPEALED)
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Hide history noteSubject to subsection (2) and sections 93P and 93PA , the DAA must issue the certificate if:
(a) in any case - the DAA is satisfied that:
(i) the proposed borrowing is an infrastructure borrowing; and
(ii) the dates specified in the application in accordance with subsection 93N(3) are reasonable; and
(b) in the case of an indirect infrastructure borrowing where a certificate is not in force in relation to the other borrowing mentioned in subparagraph 93G(b)(i) - the DAA decides to issue such a certificate at the same time as it issues the certificate in relation to the indirect infrastructure borrowing.
(a) the borrowing is a direct infrastructure borrowing; and
(b) there is in force, at the time at which the DAA proposes to issue the certificate in relation to the borrowing, a law that the DAA is satisfied will prohibit or restrict the operation of other facilities in competition with the infrastructure facilities concerned;
the DAA must not issue the certificate.
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