Simplified outline of this Act
4 Simplified outline of this Act
This Act provides for ongoing financial support to the States for the delivery of FT places.
If a State is a party to an FT agreement, the Commonwealth is to make a grant of financial assistance under section 16 of the Federal Financial Relations Act 2009 for the purpose of making payments in accordance with the FT agreement.
The financial assistance must be spent in accordance with the FT agreement and is subject to any other terms and conditions set out in the FT agreement.
Part 3 sets out what is an FT agreement and the key matters to be dealt with in FT agreements.
Part 4 deals with other matters, such as the requirement for the Minister to consult the Ministerial Council before seeking to amend this Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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