26JAdjustment of grant by reason of financial assistance

26J Adjustment of grant by reason of financial assistance

Where:

(a) an eligible company has received financial assistance from, or out of money provided by, the Commonwealth otherwise than under this Act or from, or out of money provided by, a State or a Territory; and

(b) in the opinion of the Authority that financial assistance has aided the company to carry out an automotive development project;

the Authority may reduce the amount of any grant to the company in respect of that project to such extent as it thinks appropriate by reason of that financial assistance.