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Textile, Clothing and Footwear Investment and Innovation Programs Act 1999
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Textile, Clothing and Footwear Investment and Innovation Programs Act 1999
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Turn the raw legal text into a practical explanation grounded in Textile, Clothing and Footwear Investment and Innovation Programs Act 1999.
(1) It is a policy objective for the Clothing and Household Textile (BIC) scheme that innovation grants are only to be made as set out in this section. (2) Innovation grants are to be made in respect of expenditure that: (a) under the scheme, is taken to be clothing/finished textile expenditure; and (b) is incurred by an entity during any of the 2010‑2011 to 2014‑2015 income years of the entity.
Note: For clothing/finished textile expenditure, see section 4.