Commonwealth Consolidated Acts

AUSTRALIAN RESEARCH COUNCIL ACT 2001 - SECT 55

             (1)  This section applies if, under section 51, the Minister approves a proposal for expenditure by an organisation on a research program in respect of a year, or each of 2 or more years, to which this Division applies.

             (2)  Subject to subsections (3) and (4), there is payable to the organisation, for the purpose of financial assistance in respect of expenditure incurred or to be incurred by the organisation in connection with the proposal in respect of the year, or each of the years, an amount equal to the approved amount in relation to the proposal and the year, or each of the years.

             (3)  The financial assistance is not payable at a time after any of the following things happen:

                     (a)  the organisation's involvement with the research program ends;

                     (b)  the research program changes so that it is no longer consistent with the description in the funding approval;

                     (c)  the person named in the funding approval as the person leading the research program ceases to lead the program.

Note:          It may be possible to vary the funding approval to accommodate a change that would otherwise result in the financial assistance ceasing to be payable because of this subsection (see section 54).

             (4)  The financial assistance is to be paid in such amounts, and at such times, as the Minister determines.