Commonwealth Consolidated Acts

GROWTH CENTRES (FINANCIAL ASSISTANCE) ACT 1973 - SECT 11

             (1)  A payment under section 5 made to a State in respect of expenditure for the purposes of acquiring land referred to in paragraph 4(3)(b) shall be made by way of a grant, repayable only in the event of a breach of a condition of the payment.

             (2)  A payment to a State in accordance with subsection (1) in respect of expenditure incurred by an approved authority of the State is subject to the condition that the State shall, out of moneys other than moneys paid to the State under this Act, make a grant to that authority of an amount bearing such proportion to that payment as the Minister, with the concurrence of the Minister for Finance, determines.