Document ID: chunk:federal_register_of_legislation:C2012A00082:clause:1_131
Version: federal_register_of_legislation:C2012A00082
Segment Type: clause
Provision Reference: sch 1 cl 131
Character Range: 130342–131075

131  After subsection 31(8B)
Insert:

Set off
 (8C) If:
 (a) an amount (the first amount) is payable by the research body under subsection (7); and
 (b) another amount (the second amount) is payable by the Commonwealth to the research body 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 category B payments
 (8D) For the purposes of this section, net category B payments for a financial year means the total of the category B payments made to the research body during the financial year, less the amount payable by the research body under subsection (7) as a condition of those category B payments.