Commonwealth Numbered Acts

HIGHER EDUCATION FUNDING AMENDMENT ACT (No. 2) 1992 No. 158 of 1992 - SECT 22

22. Section 27 of the Principal Act is amended:

   (a)  by omitting "a State under section 26 in relation to a capital project
        of an institution" and substituting "an institution under section 26
        in relation to a capital project of the institution";

   (b)  by omitting paragraph (a);

   (c)  by omitting paragraph (b) and substituting the following paragraph:

"(b) the sum of the amounts spent in relation to work carried out before the
end of that year in connection with the project will not be less than the sum
of:

        (i)    the amounts (if any) paid in relation to the project to the
               State in which the institution is situated under this Chapter
               as in force before 1 January 1993; and

        (ii)   amounts paid to the institution in relation to the project
               under this Act as in force on or after that day;";

   (d)  by omitting from paragraphs (c) and (d) "the State will ensure that";

   (e)  by omitting from paragraph (e) "the State will ensure that,";

   (f)  by omitting paragraph (f) and substituting the following paragraph:

"(f) the institution will give to the Minister, not later than 30 June next
following that year, a statement by a qualified auditor, in an approved form,
as to the amounts spent in respect of work carried out before the end of that
year in connection with the project.". Note: Section 27 of the Principal Act
is subsequently repealed by section 50 of this Act.