Document ID: chunk:federal_register_of_legislation:C2004A01015:clause:1_14
Version: federal_register_of_legislation:C2004A01015
Segment Type: clause
Provision Reference: sch 1 cl 14
Character Range: 3432–4104

14  Subsection 23(5)
Repeal the subsection, substitute:

 (5) Financial assistance is granted to an institution or another body under subsection (3) in relation to an approved proposal of the institution or body in respect of a year on the condition that:
 (a) the sum of the amounts spent by the institution or other body in connection with the proposal in respect of that year, being amounts spent before the end of that year or spent after that year in respect of commitments entered into before the end of that year;
is not less than:
 (b) the sum of the amounts of financial assistance paid to the institution or body under this section in relation to the proposal.