Statutory Rules 1995
No. 30 1
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Development Allowance Authority Regulations
I, The Governor-General of the Commonwealth of Australia, acting with the advice of the
Federal Executive Council, make the following Regulations under the Development
Allowance Authority Act 1992.
Dated
21 February 1995.
BILL
HAYDEN
Governor-General
By His
Excellency’s Command,
RALPH
WILLIS
Treasurer
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Citation
1. These Regulations may be cited as the
Development Allowance Authority Regulations.
[NOTE: These Regulations commence on gazettal: see Acts
Interpretation Act 1901, s. 48.]
Interpretation
2.In these Regulations, unless the contrary
intention appears:
“the Act” means the Development Allowance
Authority Act 1992.
Prescribed investments
3. (1) For
the purpose of the definition of “prescribed investment” in
subsection 93D (1) of the Act, each of the following kinds of
investment is prescribed:
- (a)
an investment by way of a loan to a bank; or
- (b)
an investment by way of a deposit with a
bank; or
- (c)
an investment by way of a debenture of a
bank.
(2) In subregulation (1), “bank”
means a bank within the meaning of the Banking Act 1959 or a State bank.
Intended maximum cost to the Commonwealth of taxation benefits
4. For the purpose of subsection 93Y (1)
of the Act, the intended maximum cost to the Commonwealth for a financial year
of the taxation consequences of the issue of certificates is the amount shown
opposite that financial year in the following list:
Financial year
| Amount
|
1994-1995
| $50 million;
|
1995-1996
| $100 million;
|
1996-1997
| $150 million;
|
1997-1998
| $200 million.
|
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NOTE
1. Notified in the Commonwealth
of Australia Gazette