Commonwealth Consolidated Acts

NATION-BUILDING FUNDS ACT 2008 - SECT 59

Scope

             (1)  This section applies if:

                     (a)  an amount is to be debited from the Building Australia Fund Special Account for the purpose of making a payment to a person other than a State or Territory; and

                     (b)  the payment is by way of a grant of financial assistance; and

                     (c)  the payment is for the purpose mentioned in paragraph 18(1)(d).

Terms and conditions

             (2)  The terms and conditions on which that financial assistance is granted are to be set out in a written agreement between the Commonwealth and the person.

             (3)  An agreement under subsection (2) may be entered into by the Energy Minister on behalf of the Commonwealth.