Document ID: chunk:federal_register_of_legislation:F2024C01213:clause:1_36
Version: federal_register_of_legislation:F2024C01213
Segment Type: clause
Provision Reference: sch 1 cl 36
Character Range: 155250–156094

36  Ongoing funding requirements
 (1) For the purposes of paragraph 78(2)(a) of the Act, an approved authority for a school must spend, or commit to spend, financial assistance that is payable for the school under subsection 69A(1) of the Act, in the circumstances mentioned in clause 34 of this Schedule, in accordance with any written directions given by the Minister.
 (2) Financial assistance mentioned in subclause (1) must be spent, or committed to be spent:
 (a) before 1 January 2024; or
 (b) as otherwise directed, in writing, by the Minister.
 (3) For the purposes of subclause (1) and paragraph (2)(b), the Minister may give written directions to an approved authority.
 (4) Any interest earned on financial assistance mentioned in subclause (1) must be spent, or committed to be spent, in the same way as the financial assistance.