1ACIS Administration (Determination of Eligible Investment) Guidelines 2001

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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;

(c) the participant has taken over the part of that business operation for which the investment was undertaken.