ACIS Administration Act 1999
52Overview of Part
Start here
Get a plain-English read of 52
Turn the raw legal text into a practical explanation grounded in ACIS Administration Act 1999.
52 Overview of Part
(1) This Part deals with the modulation process. In this process, unmodulated credits, other than unmodulated uncapped production credits and unmodulated type J investment credits, are modulated and the amount of modulated credit to be issued to participants is worked out. (2) Division 2 sets out caps on the scheme and each participant. These caps are taken into account in the modulation process. (3) Division 3 provides for the making by the Minister of modulation guidelines under which modulation takes place. (4) Division 4 deals with the modulation process for MVPs. (5) Division 5 deals with the modulation process for ACPs, AMTPs and ASPs.