Commonwealth Numbered Acts Commonwealth Numbered Acts(1) This section applies if an amount is to be debited from the Fund Account for the purpose of making a grant of financial assistance to an eligible higher education institution as mentioned in paragraph 16(1)(a) or (b).
(2) The terms and conditions on which that financial assistance is granted are to be set out in a written agreement between the Commonwealth and the eligible higher education institution.
(3) An agreement under subsection (2) may be entered into by the Education Minister on behalf of the Commonwealth.