16
CurrentCommonwealth funding for Investment Projects
Part 3Investment Projects
Division 2Provision of Commonwealth funding
16 Commonwealth funding for Investment Projects
(1)
Commonwealth funding for an Investment Project may be provided to the approved funding recipient:
(a)
in accordance with section 17; or
(b)
if the project approval instrument states that the approval is conditional on a funding agreement being entered into—in accordance with a funding agreement, entered into with the approved funding recipient, that satisfies the requirements of section 14.
(2)
The payments of funding are to be made out of money appropriated by the Parliament.
This Act’s bill:Explanatory memorandumSecond reading speech
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