Document ID: chunk:federal_register_of_legislation:F2024C01213:clause:1_25
Version: federal_register_of_legislation:F2024C01213
Segment Type: clause
Provision Reference: sch 1 cl 25
Character Range: 151304–152395

25  Purpose for which funding is spent or committed to be spent
 (1) For the purposes of paragraph 78(2)(a) of the Act, an approved authority for a school must spend, or commit to spend, financial assistance that is payable for the school under subsection 69A(1) of the Act in the circumstances mentioned in clause 23 of this Schedule:
 (a) for the purposes of the project mentioned in clause 23 of this Schedule; and
 (b) in accordance with the Local Schools Community Fund Guidelines or as otherwise directed in writing by the Minister.
 (2) Financial assistance mentioned in subclause (1) must be spent, or committed to be spent:
 (a) before 1 January 2021; or
 (b) as otherwise directed in writing by the Minister.
 (3) For the purposes of paragraphs (1)(b) and (2)(b) of this clause, the Minister may give written directions to an approved authority.
 (4) Any interest earned on financial assistance mentioned in subclause (1) must be spent, or committed to be spent, in the same way as the financial assistance.

Part 7—Schools Upgrade Fund

Division 1—Targeted Round School Upgrades