Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Financial assistance is payable in accordance with this section to a State, for the financial year starting on 1 July 2008 and for each later financial year, for the purpose of expenditure on skills and workforce development.
(2) The total amount of all financial assistance payable under subsection (1) to the States for a financial year is:
(a) for the financial year starting on 1 July 2008--the amount determined by the Minister; or
(b) for the financial year starting on 1 July 2009--$1,317,877,000; or
(c) for a later financial year--the total amount under this subsection for the preceding financial year, indexed in accordance with subsection (4).
(3) A determination under paragraph (2)(a) is a legislative instrument, but section 42 (disallowance) of the Legislation Act 2003 does not apply to the determination.
(4) The Minister may, by legislative instrument, determine the manner in which the total amount under paragraph (2)(c) is to be indexed for a particular financial year. The determination must include a statement of the total amount for that financial year.
(5) The Minister may, by legislative instrument, determine, for each financial year, the manner in which the total amount under subsection (2) is to be divided between the States.
(6) Financial assistance is payable to a State under this
section on condition that the financial assistance is spent on skills and
workforce development.