Commonwealth Numbered Acts

STATES GRANTS (TERTIARY EDUCATION ASSISTANCE) ACT 1987 No. 123, 1987 - SECT 16

16. (1) In relation to each university specified in Schedule 3, there is
payable to the relevant State, for the purpose of financial assistance in
relation to research expenses of the university in respect of the year 1988,
the amount specified in that Schedule in relation to the university.

(2) Financial assistance is granted to a State under subsection (1) in
relation to a university on the conditions that:

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

   (b)  the State will ensure that the sum of the amounts expended by the
        university for the purpose of meeting the research expenses of the
        university 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 subsection (1) in relation to the
university; and

   (c)  the State will ensure that the university 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).