Document ID: chunk:federal_register_of_legislation:C2024C00482:clause:1_199:p1
Version: federal_register_of_legislation:C2024C00482
Segment Type: clause
Provision Reference: sch 1 cl 199 (pt 1/4)
Character Range: 64243–66651

199  Repayment of grants and loans
(1) If, before ATSIC abolition day, the Commission had made a grant to a person or body under Part 2 of the ATSIC Act (other than a grant that is, on ATSIC abolition day, declared to be a class A exempted asset or a class B exempted asset) on particular terms and conditions:
 (a) the Commonwealth is treated, on and after that day, as if it had made the grant on the same terms and conditions; and
 (b) if the Minister is satisfied that the person or body has failed to fulfil such a term or condition—the Minister may, on behalf of the Commonwealth, give notice to the person or body receiving the grant that the Minister is so satisfied; and
 (c) if the Commission had, before ATSIC abolition day, given a notice under section 20 of the ATSIC Act to the effect that the Commission was satisfied that the person or body receiving the grant had failed to fulfil a term or condition of the grant—that notice has effect, on and after that day, as if it had been given by the Minister under paragraph (b).
(2) A person or body to whom a notice is given, or treated as having been given, by the Commonwealth under subitem (1) is liable to pay to the Commonwealth, immediately, an amount equal to:
 (a) the amount of the grant; or
 (b) so much of the amount of the grant as was specified in the notice.
(3) If, before ATSIC abolition day, the Commission had made a loan to a person or body under Part 2 of the ATSIC Act (other than a loan that is, on ATSIC abolition day, declared to be a class A exempted asset) on particular terms and conditions:
 (a) the Commonwealth is treated, on and after that day, as if it had made the loan on the same terms and conditions; and
 (b) if the Minister is satisfied that the person or body has failed to fulfil such a term or condition—the Minister may, on behalf of the Commonwealth, give notice to the person or body receiving the loan that the Minister is so satisfied; and
 (c) if the Commission had, before ATSIC abolition day, given a notice under section 20 of the ATSIC Act to the effect that the Commission was satisfied that the person or body receiving the loan had failed to fulfil a term or condition of the loan—that notice has effect, on and after that day, as if it had been given by the Minister under paragraph (b).
(4) A notice given, or treated as having been given, by the Minister under paragraph (1)(b) or (3)(b) is