25
In forceFunding agreement
Part 4Funding
Division 2Providing funding
25 Funding agreement
(1)
The chief executive may enter into an agreement (a funding agreement) with an entity for giving funding to the entity.
(2)
A funding agreement may include the terms the chief executive considers appropriate.Example for subsection (2)—A term of a funding agreement may provide that, if the funded provider deals with a stated amount in a way that contravenes a stated prescribed requirement, the amount is repayable to the chief executive.
This Act’s bill:Explanatory memorandum
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