Financial Framework Legislation Amendment Act (No. 2) 2012

Financial Framework Legislation Amendment Act (No. 2) 2012 No. 82, 2012

Schedule 1 Amendments

• Add: (5) If:
  • an amount (the first amount ) is payable by the industry research body under subsection (3); and
  • another amount (the second amount ) is payable by the Commonwealth to the industry research body under subsection (1); the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: (8) If:
  • an amount (the first amount ) is payable by the eligible body under subsection (4); and
  • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "matching payments".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.
• Replace paragraph 6(7)(b)
  • Omit "paragraph (4)(a)".
• Add: Set off
  • If:
    • an amount (the first amount ) is payable by the eligible body under subsection (4); and
    • another amount (the second amount ) is payable by the Commonwealth to the eligible body under the funding contract; the Minister may, on behalf of the Commonwealth , set off the whole or a part of the first amount against the whole or a part of the second amount.
• Add: Net matching payments
  • For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year