Document ID: chunk:federal_register_of_legislation:C2024A00138:clause:6_11
Version: federal_register_of_legislation:C2024A00138
Segment Type: clause
Provision Reference: sch 6 cl 11
Character Range: 111161–112334

11  Application provision—overpayment or underpayment of grant

Overpayments
(1) If a State has been paid an amount in excess of the amount that, under section 12 of the Act, it was entitled to receive by way of financial assistance for the 2024‑25 or 2023‑24 financial year:
 (a) section 18 of the Act does not apply to the amount; and
 (b) the Minister must deduct an amount equal to the excess from any amount that the State is entitled to receive by way of financial assistance under section 12A of that Act for the first practicable subsequent financial year.

Underpayments
(2) If a State has been paid less than the amount that, under section 12 of the Act, it was entitled to receive by way of financial assistance for the 2024‑25 or 2023‑24 financial year:
 (a) section 18 of the Act does not apply to the amount; and
 (b) the Minister must add an amount equal to the shortfall to any amount that the State is entitled to receive by way of financial assistance under section 12A of the Act for the first practicable subsequent financial year.

[Minister's second reading speech made in—
House of Representatives on 5 June 2024
Senate on 28 November 2024]
(65/24)