Document ID: chunk:federal_register_of_legislation:C2008C00021:clause:1_18
Version: federal_register_of_legislation:C2008C00021
Segment Type: clause
Provision Reference: sch 1 cl 18
Character Range: 27009–27762

18  Rollover of 2003 grants made under section 23 of the Higher Education Funding Act 1988
If:
 (a) a body receives a grant of financial assistance under section 23 of the old Act during the year 2003; and
 (b) the body fails to spend all of that grant in accordance with the old Act in respect of the year 2003; and
 (c) the Secretary determines in writing that this paragraph applies to the body;
then so much of the unspent grant amount as the Secretary specifies in relation to the grant will be taken to have been granted to the body under the new Act in respect of the year 2004:
 (d) under the section of the new Act that the Secretary specifies in the determination; and
 (e) on such conditions as the Secretary specifies in the determination.