Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf the Authority has at any time treated expenditure incurred by it under the agreement a copy of which is set out in Schedule 2 to the Snowy Mountains Hydro - electric Power Act 1949 as being expenditure of a capital nature, or as not being expenditure of a capital nature, the action of the Authority in so treating the expenditure is taken, for all purposes, to have been correct.