NORTHERN TERRITORY NATIONAL EMERGENCY RESPONSE ACT 2007 (NO. 129, 2007) - SECT 65 Commonwealth may vary or terminate funding agreements

NORTHERN TERRITORY NATIONAL EMERGENCY RESPONSE ACT 2007 (NO. 129, 2007) - SECT 65

             (1)  This section applies to a funding agreement whether entered into before, on or after the day on which this section commences.

             (2)  The Commonwealth may vary a funding agreement (including by omitting existing terms and conditions or adding new terms and conditions) in relation to all or any of the following:

                     (a)  the release of funding under the agreement;

                     (b)  the way funds are to be spent in accordance with the agreement;

                     (c)  the requirements for reporting in relation to services provided under the agreement;

                     (d)  the appointment of a person to control funds provided under the agreement;

                     (e)  the ways that assets acquired, wholly or partly, with Commonwealth funding are to be used, managed or secured.

             (3)  To the extent that a funding agreement does not include a clause in substantially the same terms as the clause set out in Schedule 3 to this Act, the agreement is taken to include the clause set out in Schedule 3 to this Act.

             (4)  In this section:

"asset" excludes an asset that is fixed to land.