Commonwealth Numbered Acts

STATES GRANTS (TERTIARY EDUCATION ASSISTANCE) ACT 1984 No. 127, 1984 - SECT 13

13. (1) In relation to each university specified in Column 1 of Schedule 5,
there is payable to the State in which the university is situated, for the
purpose of financial assistance in relation to research expenses of the
university in respect of a year to which this Act applies, the amount
specified in that Schedule in relation to the university and to that year.

(2) Financial assistance is granted to a State under sub-section (1) in
relation to a university in respect of a year to which this Act applies on the
conditions that-

   (a)  the State will pay each amount of that financial assistance received
        by it to the university without undue delay;

   (b)  the State will ensure that the sum of the amounts expended by the
        university for the purpose of meeting the research expenses of the
        university in respect of that year, being amounts expended before 1
        January next following the end of that year or expended on or after
        that date in respect of commitments entered into before that date, is
        not less than the sum of the amounts of financial assistance paid to
        the State under sub-section (1) in relation to the university; and

   (c)  the State will ensure that the university furnishes to the Commission,
        not later than 30 September next following the end of that year, a
        statement by a qualified auditor, in accordance with the
        approved form, as to the expenditure of the university for the purpose
        of meeting the research expenses of the university in respect of that
        year, being expenditure that occurred before 1 January next following
        the end of that year or that occurred on or after that date in respect
        of commitments entered into before that date.