Commonwealth Consolidated Acts

AUSTRALIAN RESEARCH COUNCIL ACT 2001 - SECT 61

             (1)  If the CEO considers that a variation of a set of approved funding rules is necessary or desirable, the CEO may, with the approval of the Minister, vary the set of rules.

             (2)  The circumstances in which a variation of a set of approved funding rules is necessary include (but are not limited to) the following:

                     (a)  there is a change in the amount of the funding cap for the year, or any of the years, to which the rules apply and the rules are not consistent with the changed funding cap;

                     (b)  the funding split determination for the year, or any of the years, to which the rules apply is varied and the rules are not consistent with the varied determination.

             (3)  A variation of a set of rules is of no effect unless the variation has been approved by the Minister.