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AUSTRALIAN RENEWABLE ENERGY AGENCY ACT 2011 (NO. 151, 2011) - SECT 25

Approval of guidelines for financial assistance in excess of $15 million

             (1)  The Board must give to the Minister, for his or her approval:

                     (a)  guidelines for a grant program referred to in subsection 24(2); and

                     (b)  any variation of such guidelines, unless the variation is of a minor nature (a minor variation ); and

                     (c)  any revocation of such guidelines.

Note:          Grants totalling more than $50 million for a particular project must be approved by the Minister under section 12.

             (2)  If the Board makes a minor variation, the Board must inform the Minister of the variation.

             (3)  Guidelines, or a variation or revocation, referred to in subsection (1) come into force at the later of the following times:

                     (a)  the time when the Minister approves the guidelines, or the variation or revocation (unless the variation is a minor variation);

                     (b)  the commencement time specified in the instrument making, varying or revoking the guidelines (not being a time before the instrument is made).



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