Commonwealth Consolidated Acts

AUSTRALIAN RESEARCH COUNCIL ACT 2001 - SECT 64

             (1)  Amounts standing to the credit of the Account may be expended by the CEO on providing financial assistance to organisations for eligible research programs if the following conditions are satisfied:

                     (a)  if a funding proposal for that financial assistance were proposed under Division 1, that proposal would satisfy the eligibility criteria set out in the approved funding rules for the year in which expenditure occurs; and

                     (b)  the Minister has, in writing, approved the expenditure.

             (2)  In this section, approved funding rules and funding proposal have the same meanings as they have in Division 1.