Export Control Act 2020

If a party to an arrangement under section 424F is a corporation to which paragraph 51(xx) of the Constitution applies:

the terms and conditions on which money may be payable by the Commonwealth under the arrangement must be set out in a written agreement between the Commonwealth and the corporation; and

the corporation must comply with the terms and conditions.

Without limiting subsection (1), the terms and conditions must provide for the circumstances in which the corporation must repay amounts to the Commonwealth.

An agreement under subsection (1) may be entered into on behalf of the Commonwealth by the Minister.

This section does not, by implication, prevent an arrangement under section 424F between the Commonwealth and a person other than a corporation to which paragraph 51(xx) of the Constitution applies from being made subject to terms and conditions.