Document ID: chunk:federal_register_of_legislation:F2024C01213:clause:1_32
Version: federal_register_of_legislation:F2024C01213
Segment Type: clause
Provision Reference: sch 1 cl 32
Character Range: 152911–153922

32  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 30 of this Schedule:
 (a) on a project to upgrade the school that was a funding commitment made before the general election in 2022 by the party that formed government after that election; or
 (b) 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 paragraphs (1)(b) and (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.