Document ID: chunk:federal_register_of_legislation:F2024C01213:reg:29:p2
Version: federal_register_of_legislation:F2024C01213
Segment Type: reg
Provision Reference: reg 29 (pt 2/2)
Character Range: 73456–74191

be spent, or committed to be spent:
 (a) in the year in which the financial assistance is paid to the approved authority; or
 (b) if a determination is made by the Minister under subsection (8) for the approved authority—before the day, or within the period, specified in the determination.
 (8) For the purposes of paragraph (7)(b), the Minister may determine, in writing, a day before, or a period within which, an approved authority must spend, or commit to spend, financial assistance mentioned in subsection (1) or (5).

Interest earned on financial assistance
 (9) Any interest earned on financial assistance mentioned in subsection (1) or (5) must be spent, or committed to be spent, in the same way as the financial assistance.