Higher Education Support Act 2003
View history note
Hide history noteIf a body to which a grant (the original grant ) under this Part has been made in respect of a year fails to spend an amount (the unspent amount ) of the grant before the end of the year, then: (a) unless paragraph (b) applies - the unspent amount is taken to be granted to the body under this Part in respect of the next following year; or (b) if the *Secretary specifies an amount (not greater than the unspent amount) in relation to the body and the original grant in a determination under subsection (1A) - the specified amount is taken to be granted to the body under this Part in respect of the next following year.
41-40(1A)
The *Secretary may, in writing, make a determination for the purposes of paragraph (1)(b) specifying an amount in relation to a body and a grant.
41-40(2)
The amount taken to be granted under subsection (1) is taken to be granted for the same purpose as the original grant.
41-40(3)
The grant taken to be made under subsection (1) is taken to be made: (a) under the same conditions as the conditions of the original grant - except the grant is taken to be made in respect of the next following year; or (b) under such other conditions as are determined by the *Secretary.
41-40(4)
Subsection (1) does not apply to a body in relation to a grant if the *Secretary specifies the body in relation to the grant in a determination under subsection (5) .
41-40(5)
The *Secretary may, in writing, make a determination for the purposes of subsection (4) specifying a body in relation to a grant.
41-40(6)
A determination under subsection (1A) or (5) is not a legislative instrument.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
