Commonwealth Consolidated Acts

STATES GRANTS (WATER RESOURCES MEASUREMENT) ACT 1970 - SECT 5

Where:

(a)

a State furnishes to the Treasurer such information as he requires with respect to the amount of approved expenditure incurred by the State during a year to which this Act applies in connexion with the investigation and measurement of the underground water resources of the State; and

(b)

the amount of expenditure that the Treasurer is satisfied has been so incurred by that State exceeds the amount specified opposite to the name of that State in the second column of the Second Schedule,

there is payable to the State in respect of that year for the purpose of financial assistance:

(c)

the amount specified opposite to the name of that State in the third, fourth or fifth column of that Schedule, whichever is applicable to that year;

(d)

the amount of that excess; or

(e)

an amount equal to one-half of the amount of that expenditure,whichever is the least.