Commonwealth Numbered Acts

STATES GRANTS (TERTIARY EDUCATION ASSISTANCE) ACT 1987 No. 123, 1987 - SECT 14

14. (1) The Minister may approve a proposal for expenditure by a body, being a
university or college of advanced education upon a special research centre, or
a key centre of teaching and research or program of research as a proposal
deserving financial assistance under this section in respect of the year 1988
subject to such conditions as the Minister determines.

(2) Where the Minister approves a proposal, the Minister shall determine an
amount, not exceeding the estimated expenditure on the proposal in the year
1988, as the amount of approved expenditure in relation to the proposal.

(3) Subject to subsection (4), in relation to each approved proposal for
expenditure by a body, there is payable to the State in which it is situated,
for the purposes of financial assistance in respect of expenditure incurred or
to be incurred by the body in connection with the approved proposal in respect
of the year 1988, an amount equal to the amount of the approved expenditure in
relation to the proposal.

(4) The aggregate of the amounts determined by the Minister under this section
shall not exceed $12,838,000.

(5) Financial assistance is granted to a State under subsection (3) in
relation to an approved proposal for expenditure by a body on the conditions
that:

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

   (b)  the State will ensure that the sum of the amounts expended by the body
        in connection with the approved proposal in respect of the year 1988,
        being amounts expended before 1 January 1989 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 State under this section in relation to the approved proposal; and

   (c)  the State will ensure that the body furnishes to the Minister, not
        later than 30 September 1989, a statement by a qualified auditor, in
        accordance with the approved form, as to the amounts expended as
        described in paragraph (b).