Document ID: chunk:federal_register_of_legislation:C2024C00821:section:25
Version: federal_register_of_legislation:C2024C00821
Segment Type: section
Provision Reference: s 25
Character Range: 21940–22932

25  Approval of guidelines for financial assistance in excess of $15 million
 (1) The Board must give to the Minister, for his or her approval:
 (a) guidelines for a grant program referred to in subsection 24(2); and
 (b) any variation of such guidelines, unless the variation is of a minor nature (a minor variation); and
 (c) any revocation of such guidelines.
Note: Grants totalling more than $50 million for a particular project must be approved by the Minister under section 12.
 (2) If the Board makes a minor variation, the Board must inform the Minister of the variation.
 (3) Guidelines, or a variation or revocation, referred to in subsection (1) come into force at the later of the following times:
 (a) the time when the Minister approves the guidelines, or the variation or revocation (unless the variation is a minor variation);
 (b) the commencement time specified in the instrument making, varying or revoking the guidelines (not being a time before the instrument is made).