Variation of funding rules
60 Variation of funding rules
The Board may prepare a proposed variation of the approved funding rules and give the proposed variation to the Minister.
After receiving a proposed variation (including a revised variation), the Minister must, in writing:
approve the variation; or
request the Board to give the Minister a revised variation to take account of specified concerns of the Minister.
If the Minister makes such a request, the Board must comply with the request as soon as reasonably practicable.
Approved variation is a legislative instrument
A variation (including a revised variation) of the approved funding rules prepared by the Board and approved by the Minister is a legislative instrument made by the Minister on the day on which the variation is approved.
This Act’s bill:Explanatory memorandumSecond reading speech
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