Document ID: chunk:federal_register_of_legislation:C2012A00082:clause:1_63
Version: federal_register_of_legislation:C2012A00082
Segment Type: clause
Provision Reference: sch 1 cl 63
Character Range: 34726–35421

63  At the end of section 9
Add:

Set off
 (8) If:
 (a) an amount (the first amount) is payable by the company under subsection (4); and
 (b) another amount (the second amount) is payable by the Commonwealth to the company under the funding contract;
the Minister may, on behalf of the Commonwealth, set off the whole or a part of the first amount against the whole or a part of the second amount.

Net matching payments
 (9) For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the company during the financial year, less the amount payable by the company under subsection (4) as a condition of those matching payments.