26KAbuse of Act

26K Abuse of Act

Where the Authority is of the opinion that:

(a) an act or thing (including the making of an agreement, arrangement or payment, the incorporation of a body corporate or the allocation of expenditure as between different years) has been done with a view to the obtaining of, or to affecting the amount of, a grant; and

(b) the act or thing is of such a nature that, having regard to the object of the scheme established by this Part, it constitutes an attempt to abuse this Act;

the Authority may, for the purposes of this Part, disregard any expenditure in or in relation to the doing of that act or thing, or make such adjustment to an amount of expenditure incurred by the company in respect of an automotive development project as it thinks necessary to prevent, or cancel or reduce the effects of, the abuse.