Document ID: chunk:federal_register_of_legislation:C2021A00055:clause:1_14
Version: federal_register_of_legislation:C2021A00055
Segment Type: clause
Provision Reference: sch 1 cl 14
Character Range: 9597–10432

14  Subsection 41‑40(1)
Repeal the subsection, substitute:
 (1) If a body to which a grant (the original grant) under this Part has been made in respect of a year fails to spend an amount (the unspent amount) of the grant before the end of the year, then:
 (a) unless paragraph (b) applies—the unspent amount is taken to be granted to the body under this Part in respect of the next following year; or
 (b) if the *Secretary specifies an amount (not greater than the unspent amount) in relation to the body and the original grant in a determination under subsection (1A)—the specified amount is taken to be granted to the body under this Part in respect of the next following year.
 (1A) The *Secretary may, in writing, make a determination for the purposes of paragraph (1)(b) specifying an amount in relation to a body and a grant.