(1)

The Minister may refuse to authorise a payment to an ATC authority under this Act for an ATC that is a non-government school in a State during any period when the State Minister does not recognise the ATC as a school.

(2)

The Minister may refuse to authorise, or may delay, a payment to an ATC authority that is a body corporate if:

(a) it is being wound up; or
(b) a receiver has been appointed in respect of its property; or
(c) its affairs are under the control of a manager.

(3)

The Minister may refuse to authorise, or may delay, a payment to an ATC authority that is not a body corporate if the Minister considers that:

(a) its liabilities are substantially greater than its assets; or
(b) it is (and is likely to continue for a substantial period to be) unable to pay its debts as and when they fall due for payment.