Meaning of funded entity and funded product or service
7 Meaning of funded entity and funded product or service
A funded entity is an entity that receives funding provided by a department to deliver a product or service.
A funded product or service, in relation to a funded entity, is a product or service required to be delivered by the funded entity with funding received by the funded entity.
For subsections (1) and (2), it does not matter whether—
the entity received the funding from the department or from another entity that received the funding from the department; or
the entity has a funding agreement with the department about the funding; or
other funds or resources are also used by the entity to deliver the product or service.
This Act’s bill:Explanatory memorandum
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