LOCAL GOVERNMENT (FINANCIAL ASSISTANCE) ACT 1995 - SECT 29 Overpayments and underpayments of other grants in respect of 1994 - 1995
LOCAL GOVERNMENT (FINANCIAL ASSISTANCE) ACT 1995 - SECT 29
Overpayments and underpayments of other grants in respect of 1994 - 1995(1) If an amount is payable to a State under subsection 10B(1) of the repealed Act as it continues to apply under subsection 20(2) of this Act in relation to the year that began on 1 July 1994, the amount is to be paid to the State in the year beginning on 1 July 1995 by equal quarterly instalments at the times when instalments to which the State is entitled under section 12 of this Act in respect of that last - mentioned year are paid.
(2) If a State is liable to pay an amount to the Commonwealth
under subsection 10B(2) of the repealed Act as it continues to apply
under subsection 20(2) in this Act in relation to the year that began
on 1 July 1994, one - quarter of the amount is to be deducted from each
quarterly instalment that, apart from this subsection, would be payable to the
State under section 12 of this Act in respect of the year beginning on
1 July 1995 and, if an amount is so deducted, then, despite the
deduction, an amount equal to the deduction is taken, for the purposes of this
Act, to have been paid to the State.