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AUSTRALIAN RENEWABLE ENERGY AGENCY ACT 2011 - SECT 25

Approval of guidelines for financial assistance in excess of $15 million

  (1)   The Board must give to the Minister, for his or her approval:

  (a)   guidelines for a grant program referred to in subsection   24(2); and

  (b)   any variation of such guidelines, unless the variation is of a minor nature (a minor variation ); and

  (c)   any revocation of such guidelines.

Note:   Grants totalling more than $50 million for a particular project must be approved by the Minister under section   12.

  (2)   If the Board makes a minor variation, the Board must inform the Minister of the variation.

  (3)   Guidelines, or a variation or revocation, referred to in subsection   (1) come into force at the later of the following times:

  (a)   the time when the Minister approves the guidelines, or the variation or revocation (unless the variation is a minor variation);

  (b)   the commencement time specified in the instrument making, varying or revoking the guidelines (not being a time before the instrument is made).



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