Commonwealth Numbered Acts

STATES GRANTS (TERTIARY EDUCATION ASSISTANCE) ACT 1984 No. 127, 1984 - SECT 34

34. (1) The Northern Territory may, from time to time, submit for the approval
of the Commission proposals for expenditure by a Northern Territory
tertiary education institution on equipment for use by the institution in
providing courses of advanced education.

(2) The Commission may approve a proposal submitted to it under sub-section
(1) as an approved proposal for expenditure by the institution in respect of a
year to which this Act applies subject to such conditions as the Commission
determines, and may vary or revoke any such approval.

(3) Subject to sub-section (4), in relation to each approved proposal for
expenditure by a Northern Territory tertiary education institution in respect
of a year to which this Act applies, there is payable to the Northern
Territory, for the purpose of financial assistance in relation to expenditure
incurred or to be incurred by the institution in connection with the approved
proposal, an amount equal to the amount of the proposed expenditure.

(4) The aggregate of the amounts payable to the Northern Territory under
sub-section (3) in respect of approved proposals in respect of a year to which
this Act applies shall not exceed the amount specified in Part III of Schedule
16 in relation to that year.

(5) Financial assistance is granted to the Northern Territory under
sub-section (3) in relation to approved proposals for expenditure by a
Northern Territory tertiary education institution in respect of a year to
which this Act applies on the conditions that-

   (a)  the Northern Territory will pay each amount of that financial
        assistance received by it to the institution without undue delay;

   (b)  the Northern Territory will ensure that the sum of the amounts
        expended by the institution in connection with approved proposals for
        expenditure by the institution in respect of that year, being amounts
        expended before 1 January next following the end of that year or
        expended on or after that date in respect of commitments entered into
        before that date, is not less than the sum of the amounts of financial
        assistance paid to the Northern Territory under sub-section (3) in
        relation to approved proposals for expenditure by the institution in
        respect of that year; and

   (c)  the Northern Territory will ensure that the institution furnishes to
        the Commission not later than 30 September next following the end of
        that year, a statement by a qualified auditor, in accordance with the
        approved form, as to the expenditure by the institution in connection
        with approved proposals for expenditure by the institution in respect
        of that year, being expenditure that occurred before 1 January next
        following the end of that year or that occurred on or after that date
        in respect of commitments entered into before that date.