Document ID: chunk:federal_register_of_legislation:C2025C00125:section:23:p2
Version: federal_register_of_legislation:C2025C00125
Segment Type: section
Provision Reference: s 23 (pt 2/2)
Character Range: 49696–51297

under this subsection is a legislative instrument—see paragraph 110(b).
 (2) If the Minister approves a proposal under subsection (1) or (1A) in respect of a year, then, subject to section 23C:
 (a) the Minister must determine an amount as the estimated total expenditure on the proposal for the year; and
 (b) the Minister must determine an amount of approved expenditure in relation to the proposal for the year; and
 (c) the amount of approved expenditure on the proposal for the year must not be greater than the amount of estimated total expenditure on the proposal for the year.
 (3) There is payable to an institution or another body to which an approved proposal relates, for the purpose of financial assistance in respect of expenditure incurred or to be incurred by the institution or other body in connection with the approved proposal in respect of the year to which the proposal relates, an amount equal to the amount of the approved expenditure in relation to the proposal.
 (5) Financial assistance is granted to an institution or another body under subsection (3) in relation to an approved proposal of the institution or body in respect of a year on the condition that:
 (a) the sum of the amounts spent by the institution or other body in connection with the proposal in respect of that year, being amounts spent before the end of that year or spent after that year in respect of commitments entered into before the end of that year;
is not less than:
 (b) the sum of the amounts of financial assistance paid to the institution or body under this section in relation to the proposal.