Document ID: chunk:federal_register_of_legislation:C2017C00106:section:5:p20
Version: federal_register_of_legislation:C2017C00106
Segment Type: section
Provision Reference: s 5 (pt 20/24)
Character Range: 52544–55434

of sub‑clause (2)—
    "the value of the property" means the amount agreed upon by the Commonwealth and the State or, in the absence of agreement the amount determined by a qualified valuer nominated by the Commonwealth Minister, as the value of the property; and
    "the Commonwealth's share" means the amount that bears to the value of the property the same proportion as the amount expended in relation to the acquisition of the property attributable to financial assistance bears to the total cost of acquiring the property.

27. By the thirtieth day of November next occurring after the end of each grant year the State Minister will furnish to the Commonwealth Minister in respect of that grant year, in a form agreed upon by the Commonwealth Minister and the State Minister—
    (a) a statement giving particulars of the expenditure of financial assistance and of expenditure incurred by the State, local governments and community organisations, accompanied by a certificate of a person authorised by the State Minister and agreed upon by the Commonwealth Minister, certifying that—
        (i) in relation to expenditure incurred by the State, the authorised person is of the opinion that the amounts shown as expended by the State were expended in accordance with this agreement;
        (ii) in relation to expenditure incurred by local governments and community organisations, the authorised person has received a certificate from a qualified accountant stating that the qualified accountant is of the opinion that amounts shown as expended by a local government or community organisation were expended by it in accordance with this agreement;
    (b) a statement specifying—
        (i) the operation of this agreement;
        (ii) the provision of approved projects; and
        (iii) the manner in which financial assistance and State expenditure has been applied.

28. If, following consultation with the State Minister, the Commonwealth Minister, in writing under the Commonwealth Minister's hand, informs the State Minister that the Commonwealth Minister is satisfied that the State has failed to ensure that an amount of financial assistance provided to the State has been applied for the purposes and in the manner provided for by this agreement with respect to that financial assistance, the State will repay the amount or such part of that amount as the Commonwealth Minister thinks reasonable to the Commonwealth.

29. If, following consultation with the State Minister, the Commonwealth Minister is of the opinion that it is appropriate to do so, the Commonwealth Minister may withhold payment in whole or in part of financial assistance to the State where the State fails to comply with any of the conditions attached to the grant of financial assistance until the State remedies that failure.

PART VII—SUPPLY OF INFORMATION

30. (1) As soon as practicable after