Document ID: chunk:federal_register_of_legislation:C2016A00031:clause:1_4
Version: federal_register_of_legislation:C2016A00031
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 3968–4678

4  At the end of section 33
Add:
 (4) If an applicant in relation to a grant year was a grantee in respect of any previous grant year, the applicable limit for the applicant is $15,000 for that grant year.
 (5) If:
 (a) an applicant in relation to a grant year was not a grantee in respect of any previous grant year; and
 (b) the immediately preceding financial year is not the financial year commencing on 1 July 2015;
the applicable limit for the applicant is $15,000 for that grant year and that immediately preceding financial year.
Note: If the immediately preceding financial year is the financial year commencing on 1 July 2015, then there is no applicable limit for the applicant for the grant year.