Queensland Consolidated Acts

RURAL AND REGIONAL ADJUSTMENT ACT 1994 - SECT 11

(1) An approved assistance scheme is a scheme that—

(a) states the purpose and nature of financial assistance that may be given; and

(b) identifies the categories of persons eligible to receive the assistance; and

(c) is approved under a regulation.

(2) A regulation approving a scheme must set out the scheme in detail.

(3) An approved assistance scheme—

(a) may include conditions on which financial assistance must be given; and

(b) may provide for—

(i) payments into the consolidated fund or a fund or the departmental accounts of a department of amounts of the authority's assistance funds associated with the scheme; and

(ii) write-offs to loan balances.

(4) A regulation may also approve a scheme if—

(a) the scheme is established by the Commonwealth or another State or an entity that represents the State, the Commonwealth or another State; and

(b) the purpose of the scheme is consistent with the object of this Act.

(5) An assistance scheme approved under subsection (4) is also an approved assistance scheme for this Act.