Document ID: chunk:federal_register_of_legislation:C2024A00008:clause:3_15
Version: federal_register_of_legislation:C2024A00008
Segment Type: clause
Provision Reference: sch 3 cl 15
Character Range: 52353–54134

15  Transitional provisions—existing funding approvals
(1) Subject to this item, Division 1 of Part 7 of the Australian Research Council Act 2001 (including the approved funding rules under that Division), as in force immediately before the commencement of this item, continues to apply on and after that commencement in relation to a funding approval (within the meaning of that Part) in force immediately before that commencement.
(2) If that funding approval (the old approval) is in force immediately before 1 July 2025:
 (a) subject to subitem (3), that Division (including the approved funding rules under that Division) ceases to apply in relation to the old approval on and after that day; and
 (b) Division 1 of Part 7 of the Australian Research Council Act 2001 (the new Division), as substituted by this Schedule applies in relation to the old approval on and after that day as if it were:
 (i) if the old approval was in relation to a designated research program within the meaning of that Act as amended by this Schedule—a funding approval (the new approval) under subsection 48(1) of that Act as amended by this Schedule; or
 (ii) otherwise—a funding approval (the new approval) under subsection 47(1) of that Act as amended by this Schedule; and
 (c) no financial assistance is to be paid in relation to the new approval under the new Division unless a written agreement, in relation to the new approval, is entered into under subsection 49(1) of that Act as amended by this Schedule.
(3) Paragraphs 58(1)(c) and (d) of the Australian Research Council Act 2001, as in force immediately before the commencement of this item, continue to apply on and after that commencement in relation to financial assistance paid before 1 July 2025 in relation to the old approval.