Commonwealth Consolidated Acts

ABORIGINAL AND TORRES STRAIT ISLANDER ACT 2005 - SECT 142H

  (1)   The TSRA may give written notice to an individual or body to whom a grant has been made under this Part, stating that the TSRA is satisfied that the individual or body has failed to fulfil a term or condition of the grant.

  (2)   An individual or body who is given notice under subsection   ( 1) is liable to pay to the TSRA an amount equal to:

  (a)   the amount of the grant; or

  (b)   so much of the grant as the TSRA specifies in the notice.

  (3)   The TSRA may give written notice to an individual or body to whom a loan has been made under this Part, stating that the TSRA is satisfied that the individual or body has failed to fulfil a term or condition of the loan.

  (4)   An individual or body who is given notice under subsection   ( 3) is liable to pay to the TSRA, immediately, an amount equal to the sum of:

  (a)   so much of the amount of the loan as has not yet been repaid; and

  (b)   any accrued interest that has not been paid;

or so much of that amount as the TSRA specifies in the notice.