Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

SCHOOLS ASSISTANCE ACT 2008 (NO. 153, 2008) - SECT 15

Authorised financial assistance--financial viability

             (1)  The Minister may refuse to authorise, or may delay, a payment to a State under this Act for a non‑government body (including a non‑government school), or the relevant authority of such a body, if:

                     (a)  either (or both) of the following applies:

                              (i)  the body or authority is a body corporate that is being wound up;

                             (ii)  the affairs of the body or authority are under any form of external control (for example, the control of a manager) under a law of the Commonwealth or a State; or

                     (b)  the Minister considers that:

                              (i)  the liabilities of the body or authority are greater than its assets; or

                             (ii)  the body or authority is (and is likely to continue for a substantial period to be) unable to pay its debts as and when they fall due for payment; or

                     (c)  a law of the Commonwealth or a State requires the body or authority to be audited, and the Minister determines that this paragraph applies because the relevant audit:

                              (i)  is expressed to be qualified; or

                             (ii)  expresses concern about the financial viability of the body or authority.

             (2)  A determination made under paragraph (1)(c) is not a legislative instrument, but is a disallowable instrument for the purposes of section 46B of the Acts Interpretation Act 1901 .


 



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback