14
CurrentRequirements with which funding agreements must comply
Part 3Investment Projects
Division 1Approval of Investment Projects
14 Requirements with which funding agreements must comply
If the project approval instrument for an Investment Project states that the approval is conditional on a funding agreement being entered into with the approved funding recipient:
(a)
the total amount of funding that the agreement provides for must not exceed the maximum funding amount specified in the project approval instrument; and
(b)
the agreement must comply with any other requirements (for example, requirements relating to the inclusion of conditions) specified in the project approval instrument.
This Act’s bill:Explanatory memorandumSecond reading speech
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