Document ID: chunk:federal_register_of_legislation:C2004A01305:clause:1_87aa
Version: federal_register_of_legislation:C2004A01305
Segment Type: clause
Provision Reference: sch 1 cl 87AA
Character Range: 2184–3062

87AA  Person or associate is not fit and proper

 (1) Despite Subdivision 2, a grant, or an advance on account of a grant, is not payable to a person if, at the time when, or at any time after, the person becomes entitled to the grant or advance, Austrade has formed the opinion, in accordance with guidelines determined under paragraph 101(1)(bb), that:
 (a) the person is not a fit and proper person to receive a grant; or
 (b) the person has an associate who is not a fit and proper person to receive a grant.

 (2) Subsection (1) does not affect the validity of a payment of grant, or of an advance on account of grant, to the person at a time when Austrade had not formed an opinion mentioned in that subsection.

 (3) In this section:

associate means a person who is determined to be an associate in accordance with the guidelines determined under paragraph 101(1)(bb).