(1) The purpose of this section is to
enable the Minister to obtain information in relation to a non-State school in
receipt of subsidy for deciding the amount of an allowance payable under
section 368(1) (b) .
(2) The governing body of a non-State school in receipt
of subsidy must on or before the day prescribed under a regulation give the
Minister financial data, for the school, relating to the previous year of
operation of the school.
(3) The data must be provided in the approved form.
(4) The source of the data must be the audited financial statements for the
school’s governing body for the relevant year.
(5) Subsection (1) does not
limit the matters the Minister may have regard to in deciding the amount of an
allowance payable under section 368(1) (b) .
(6) Subsection (2) does not
apply if the school has been in operation for less than the whole of the
relevant year.
(7) If the governing body does not comply with this section,
the noncompliance is a ground for suspending payment of the allowance.
