26CExpenditure

26C Expenditure

In ascertaining, for the purposes of this Part, the expenditure that has been, or will be, incurred by an eligible company in respect of an automotive development project, the following expenditure shall be disregarded:

(a) expenditure that was, or will be, incurred outside Australia;

(b) expenditure that the company has failed to satisfy the Authority was, or will be, necessary in order to carry out the project;

(c) expenditure that the company has failed to satisfy the Authority it was, or will be, reasonable to incur in carrying out the project.