Commonwealth Consolidated Acts

AUSTRALIAN RESEARCH COUNCIL ACT 2001 - SECT 54

             (1)  Subject to subsection (2), the Minister may, in writing, vary a funding approval as provided for in the governing funding rules.

             (2)  A variation of a funding approval:

                     (a)  must be consistent with:

                              (i)  the funding cap for the year, or each of the years, to which the approval relates; and

                             (ii)  the funding split determination for the year, or each of the years, to which the approval relates; and

                     (b)  cannot vary the approved amount for a year to which the approval relates to make it less than the amount of financial assistance (including advances) that has already been paid under this Division pursuant to the approval in respect of that year.