Commonwealth Numbered Acts

HIGHER EDUCATION FUNDING AMENDMENT ACT (No. 2) 1992 No. 158 of 1992 - SECT 14

14. Section 21 of the Principal Act is repealed and the following sections are
inserted: Grants for projects of national priority

"21.(1) The Minister may approve a proposal for expenditure as a proposal
deserving financial assistance under this section in respect of a year to
which this Chapter applies if:

   (a)  the proposal is for expenditure by an institution to which this
        section applies or by another incorporated body; and

   (b)  the proposal is for expenditure upon a project relating to a matter of
        national priority in higher education.

"(2) The Minister may give approval under subsection (1), subject to such
conditions as he or she determines.

"(3) If the Minister approves a proposal under subsection (1) in respect of a
year:

   (a)  the Minister must determine an amount of approved expenditure in
        relation to the proposal; and

   (b)  the amount of approved expenditure must not be greater than the amount
        of estimated expenditure on the proposal for the year.

"(4) If the Minister determines an amount in relation to a proposal for
expenditure by an institution in respect of a year, the amount specified in a
determination under section 15 or 16, as the case requires, in relation to the
institution in respect of that year is taken to be increased by the amount of
the approved expenditure.

"(5) If the Minister determines an amount in relation to a proposal for
expenditure by a body other than an institution in respect of a year, there is
payable to the body in connection with the proposal in respect of that year an
amount equal to the amount determined by the Minister.

"(6) The total of the amounts of approved expenditure determined by the
Minister under subsection (3) must not exceed:

   (a)  for the year 1992 - $32,472,000; and

   (b)  for the year 1993 - $33,714,000; and

   (c)  for the year 1994 - $39,372,000; and

   (d)  for the year 1995 - $39,387,000. Conditions of certain grants for
        projects of national priority

"21A.(1) A body other than an institution is granted financial assistance
under section 21 in relation to an approved proposal of the body in respect of
a year on the conditions set out in this section.

"(2) The total amount spent by the body in connection with the proposal during
the year must not be less than the total amount of the financial assistance
paid to the body under section 21 in relation to the proposal.

"(3) For the purposes of subsection (2), the total amount spent by the body
during the year includes amounts spent by the body after the end of the year
in respect of commitments entered into before the end of the year.

"(4) The body must give to the Minister a statement by a qualified auditor of
the amount spent by the body as described in subsection (2).

"(5) The statement by the auditor in respect of the year to which the proposal
relates must:

   (a)  be in the approved form; and

   (b)  be given to the Minister not later than 30 June in the year following
        the end of that year.".