Document ID: chunk:federal_register_of_legislation:C2019C00064:section:37zze
Version: federal_register_of_legislation:C2019C00064
Segment Type: section
Provision Reference: s 37ZZE
Character Range: 56745–57401

37ZZE  Advances on account of grants

Advances
 (1) The Clothing and Household Textile (BIC) scheme may provide for advances on account of innovation grants that may become payable.

Repayments
 (2) If:
 (a) an entity receives an amount by way of an advance on account of a grant that may become payable to the entity; and
 (b) that amount exceeds the amount of the grant;
the entity is liable to pay to the Commonwealth the amount of the excess.
 (3) An entity is liable to pay to the Commonwealth the whole amount of an advance mentioned in paragraph (2)(a) if the entity does not receive the innovation grant on account of which the advance was given.