Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The total amount of capped assistance under the Automotive Transformation Scheme must not exceed:
(a) for stage 1 --$1.5 billion; and
(b) for stage 2 --$1 billion.
(2) Subject to subsection ( 3), t he total amount of capped assistance paid in respect of a year must not exceed $300 million.
(3) However, if the total amount of capped assistance paid in respect of a particular year is less than $300 million, the balance may be paid as capped assistance in respect of any later year within the relevant stage .
Example: If the total amount of capped assistance paid in respect of the year beginning on 1 January 2012 is $270 million, the amount of capped assistance available in respect of the year beginning on 1 January 2013 is $330 million.
Note: Except for recovered amounts (dealt with under subsection ( 6 )), capped assistance cannot be carried forward from stage 1 to stage 2.
(4) Subject to subsection ( 6), a n amount of capped assistance in respect of a year must not be paid on or after 1 April in the following year.
(5 ) For the purposes of subsections ( 1) to (3), an amount of capped assistance recovered by the Commonwealth is treated as if it had never been paid.
( 6 ) To the extent that the balance referred to in subsection ( 3) consists of amounts of capped assistance recovered by the Commonwealth during the last year of a stage , the balance may be paid in the year following the last year of that stage . For the purposes of subsections ( 1) and (2), such a payment is taken to have been made in respect of the last year of th at stage .