Commonwealth Consolidated Acts

NATION-BUILDING FUNDS ACT 2008 - SECT 179

Scope

             (1)  This section applies if:

                     (a)  an amount is to be debited from the Education Investment Fund Special Account for the purpose of making a payment to a person other than a State or Territory; and

                     (b)  the payment is by way of a grant of financial assistance; and

                     (c)  the payment is for a purpose mentioned in paragraph 136(1)(a), (c), (d) or (e).

Terms and conditions

             (2)  The terms and conditions on which that financial assistance is granted are to be set out in a written agreement between the Commonwealth and the person.

             (3)  An agreement under subsection (2) may be entered into by the Education Minister on behalf of the Commonwealth.