Commonwealth legislation

ACIS Administration (Determination of Eligible Investment) Guidelines 2001

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

These Guidelines explain when the Department Secretary may treat a new business as the original ACIS investor so that investment credits stay attached after restructures, takeovers, or sales. They apply to automotive manufacturers and successors who continue the substantive business that made an eligible investment.

By allowing successor entities to be recognised, the rules protect government credits through corporate reorganisations and transfers, preserving incentives for industry modernisation.

JSON API

Deep dive

Want the full deep dive?

Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.

Current sections

Direct links to the current provisions in ACIS Administration (Determination of Eligible Investment) Guidelines 2001.

ACIS Administration (Determination of Eligible Investment) Guidelines 2001

View image in the official source

ACIS Administration (Determination of Eligible Investment) Guidelines 2001

I, NICHOLAS HUGH MINCHIN, Minister for Industry, Science and Resources, make these Guidelines under section 6C of the ACIS Administration Act 1999.

Dated 23 April 2001

NICK MINCHIN

Minister for Industry, Science and Resources

1 Name of Guidelines

These Guidelines are the ACIS Administration (Determination of Eligible Investment) Guidelines 2001.

2 Commencement

These Guidelines commence on gazettal.

3 Definition

Act means the ACIS Administration Act 1999.

4 Circumstances in which Secretary may make determination under subsection 6C (3) of the Act

For subsection 6C (2) of the Act, the circumstances of the relationship between an original investor and a participant in which the Secretary may make a determination under subsection 6C (3) of the Act are as follows:

(a) the participant is a group of related bodies corporate of which the original investor becomes a member after the investment undertaken by the original investor has occurred;

(b) the participant has taken over the entire business operation from the original investor, other than by acquiring shares in the original investor;

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 ACIS Administration (Determination of Eligible Investment) Guidelines 2001

ACIS Administration (Determination of Eligible Investment) Guidelines 2001

I, NICHOLAS HUGH MINCHIN, Minister for Industry, Science and Resources, make these Guidelines under section 6C of the ACIS Administration Act 1999.

Dated 23 April 2001

NICK MINCHIN

Minister for Industry, Science and Resources

1 Name of Guidelines

These Guidelines are the ACIS Administration (Determination of Eligible Investment) Guidelines 2001.

2 Commencement

These Guidelines commence on gazettal.

3 Definition

Act means the ACIS Administration Act 1999.

4 Circumstances in which Secretary may make determination under subsection 6C (3) of the Act

(a) the participant is a group of related bodies corporate of which the original investor becomes a member after the investment undertaken by the original investor has occurred;

(b) the participant has taken over the entire business operation from the original investor, other than by acquiring shares in the original investor;