Funding agreements—unauthorised amounts
28 Funding agreements—unauthorised amounts
A funding agreement must contain a provision that, if the sum of the amounts mentioned in subsection 16(1) (purpose of grants) exceeds the total amount that was properly authorised to be paid to the State for the school or body:
the relevant authority must, if the Minister so determines, pay to the Commonwealth an amount (the determined amount) equal to the excess; and
in the event that the authority does not pay the determined amount to the Commonwealth, the Minister may make a further determination reducing any other amount or amounts of financial assistance for the State under this Act for the school or body by an amount or amounts not more than the determined amount.
A further determination mentioned in paragraph (b) is made under section 44.
This Act’s bill:Explanatory memorandumSecond reading speech
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