Document ID: chunk:federal_register_of_legislation:F2024C01213:clause:1_3
Version: federal_register_of_legislation:F2024C01213
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 136479–137632

3  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 69B(1) of the Act in the circumstances mentioned in clause 1:
 (a) for the purpose of supporting school education; and
 (b) in accordance with the arrangement mentioned in paragraph 1(1)(b).
 (2) Financial assistance mentioned in subclause (1) must be spent, or committed to be spent:
 (a) in the year in which the financial assistance is paid to the approved authority; or
 (b) as otherwise directed in writing by the Minister.
 (3) For the purposes of paragraph (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 2—Additional financial assistance and adjustment funding for non‑government schools

Division 1—Additional financial assistance for low‑growth non‑government schools for 2018