Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The CEO must, before the start of each year to which this Division applies, prepare a set of rules dealing with the matters set out in subsection (2) for funding proposals that relate to that year, or that relate to that year and to one or more later years to which this Division applies, and give it to the Minister for approval under section 60.
(2) The matters that must be dealt with in the rules are as follows:
(a) the eligibility criteria to be met in order for a proposal to be approved for financial assistance (including criteria relating to the kinds of organisation that may receive assistance and the kinds of research program in respect of which assistance may be provided);
(b) how to apply for financial assistance;
(c) the assessment process for deciding which proposals will be recommended for approval;
(d) the ways in which, and circumstances in which, a funding approval may be varied;
(e) any additional accountability requirements that the CEO thinks desirable.
The rules may also deal with such other matters as the CEO considers appropriate.
(3) The rules must be in writing.
(4) The rules must take account of, and be consistent with:
(a) the funding cap for the year, or each of the years, to which the rules apply; and
(b) the funding split determination for the year, or each of the years, to which the rules apply.
(5) The rules take effect from the time determined by the CEO, which must not be a time before the rules have been approved by the Minister.
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