DEVELOPMENT ALLOWANCE AUTHORITY ACT 1992 (REPEALED)
View history note
Hide history noteSubject to subsection (4), if the DAA is satisfied of the matters required for the issue of a certificate under section
93O
, the DAA must advise the applicant that it will issue the certificate if the applicant gives the DAA an undertaking to the effect that, if the certificate is issued, the applicant will comply with the conditions applying to the certificate under section
93R
.
Note:
In summary, the conditions require the applicant to do the things set out in the application (or the application as varied), to maintain its status as an incorporated body, corporate limited partnership or trust, and to keep proper records.
The undertaking must be in the approved form, and must be signed by the applicant if the applicant is a natural person. If the applicant is not a natural person, the undertaking must be signed on behalf of the applicant by whichever of the following natural persons is applicable:
(a) if the applicant is an incorporated body that has a board of directors (however described) - the chairperson (however described) of the board;
(b) in any other case - the natural person designated by the form as the signatory. 93P(3) Undertaking required before certificate issued.
The DAA must not issue the certificate until the undertaking is received.
93P(4) New advice not to be given.After the commencement of the Taxation Laws Amendment (Infrastructure Borrowings) Act 1997 , the DAA must not give advice to the applicant under subsection (1).
If the DAA gave advice to an applicant under subsection (1) during the period from the borrowings cut-off time until the commencement of the Taxation Laws Amendment (Infrastructure Borrowings) Act 1997 , that advice has no effect, and is taken never to have had any effect.
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.
