Related Commentary  

189(1)  This section applies in any case where–

(a)a participator in an oil field or an associate incurs expenditure on or after 16th March 1993 and before 1st January 1995; and

(b)apart from this section, that expenditure would not be allowable under section 5A of the principal Act (as amended by section 188 above); and

(c)if section 188 above had not been enacted, the expenditure would be allowable in the case of the participator under section 5A of the principal Act; and

(d)on 16th March 1993 the participator or the associate was a licensee in respect of the area to which the expenditure related.

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