Document ID: chunk:federal_register_of_legislation:C2013C00581:clause:4_10:p2
Version: federal_register_of_legislation:C2013C00581
Segment Type: clause
Provision Reference: sch 4 cl 10 (pt 2/3)
Character Range: 72633–75329

the *Water Minister refuses to issue a certificate to a company under this section, he or she must, within 30 days, give written notice of the refusal to the company.
 (6) The notice must explain that the company may apply to the *AAT for review of the *Water Minister's refusal to issue a certificate to the company (see section 402‑775).

402‑765  Amount of urban water tax offset
 (1) A certificate issued under section 402‑760 must specify the amount of the *tax offset.
 (2) In specifying an amount, the *Water Minister must comply with the guidelines made under section 402‑780.
 (3) The total of the amounts specified in certificates issued to a company for a stormwater harvesting project for one or more income years:
 (a) must not exceed 50% of the eligible up‑front capital costs of the project (within the meaning given by the guidelines made under section 402‑780); and
 (b) must not exceed $20 million.
 (4) The total of the amounts specified in certificates issued to a company for a project (other than a stormwater harvesting project) for one or more income years:
 (a) must not exceed 10% of the eligible up‑front capital costs of the project (within the meaning given by the guidelines made under section 402‑780); and
 (b) must not exceed $100 million.
 (5) A certificate issued to a company under section 402‑760 must explain that the company may apply to the *AAT for review of the amount specified in the certificate (see section 402‑775).

402‑770  Revoking certificates

Revoking certificates
 (1) The *Water Minister may revoke a certificate issued to a company under section 402‑760.
 (2) However, the *Water Minister may only do so in the circumstances provided for in the guidelines made under section 402‑780.
 (3) If the *Water Minister revokes the certificate, he or she must, within 30 days, give to the company and to the Commissioner:
 (a) written notice of the revocation; and
 (b) written reasons for the decision to revoke the certificate.
 (4) The notice given to the company must explain that the company may apply to the *AAT for review of the *Water Minister's revocation of the certificate (see section 402‑775).

Revoked certificates taken never to have been issued
 (5) If the *Water Minister revokes a certificate under this section, the certificate is taken, for the purposes of this Subdivision, never to have been issued.
 (6) Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment for the purpose of giving effect to this Subdivision for an income year if:
 (a) a certificate issued to a company is revoked under this section after the time the company lodged its *income tax return for the income year;