5COther Commonwealth assistance

5C Other Commonwealth assistance

(1) For the purposes of this Act, a shipbuilder has received other Commonwealth assistance if the shipbuilder has received, and is entitled to, financial assistance (other than bounty) provided by the Commonwealth for eligible research and development activities. (2) The Minister may determine, in writing, that a specified form of assistance provided by the Commonwealth: (a) is not financial assistance for the purposes of this section; or (b) is financial assistance for the purposes of this section. (3) If the determination specifies that a form of assistance is financial assistance, the determination may also specify the method by which the amount of the assistance received is to be worked out. (4) A determination under subsection (2) is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901.

Note: The amount of other Commonwealth assistance received by a shipbuilder is relevant to working out the amount of eligible research and development expenditure bounty to which the shipbuilder is entitled (see subsection 10(3)).