Document ID: chunk:federal_register_of_legislation:C2013A00146:clause:3_2
Version: federal_register_of_legislation:C2013A00146
Segment Type: clause
Provision Reference: sch 3 cl 2
Character Range: 15913–16562

2  At the end of section 33
Add:

Spending must be in accordance with funding agreement
 (3) After 30 June 2015, an R&D Corporation must not spend money that has been paid to the R&D Corporation by the Commonwealth unless the R&D Corporation does so in accordance with a written funding agreement.
 (4) The Minister may enter into a funding agreement with an R&D Corporation. The agreement must specify the terms and conditions on which money paid to the R&D Corporation by the Commonwealth will be spent.
 (5) A funding agreement must be published on the website of the R&D Corporation concerned as soon as practicable after it is made or varied.