Automotive Industry Authority Act 1984
26DAgreements with respect to projects
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26D Agreements with respect to projects
(1) Where:
(a) an eligible company is carrying out, or proposes to carry out, an automotive development project in Australia; and
(b) the company applies under section 26F for a grant under this Part in respect of the project;
the Authority may, subject to this Act, to any regulations under this Act and to any guideline directions, enter into an agreement, on behalf of the Commonwealth, with the company for and in relation to the making of a grant of financial assistance under this Part to the company in respect of expenditure incurred, or to be incurred, by the company in respect of the project on or after the day on which the company applied for the grant. (2) Subsection (1) does not apply in relation to an automotive development project that is to be commenced after 30 June 1989.