Commonwealth Consolidated Acts

AUSTRALIAN RESEARCH COUNCIL ACT 2001 - SECT 56

             (1)  The Minister may make arrangements for the making of advances by the Minister to an organisation, by way of financial assistance to the organisation, on account of an amount that is expected to become payable under section 55 in respect of a research program and a year to which this Division applies.

             (2)  An advance so paid to the organisation is paid:

                     (a)  subject to the conditions specified in paragraphs 58(1)(a) to (e), which apply to the advance as if it were an actual payment of financial assistance under section 55 in respect of the research program and the year; and

                     (b)  such other conditions as the Minister imposes by notice in writing to the organisation.