Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A grant under this Act may be made upon such terms and conditions, not inconsistent with this Act, as the Minister thinks fit.
(2) Before a grant is made under this Act, the Minister may require the grantee to enter into an agreement with respect to the terms and conditions upon which the grant is to be made.
(3) An agreement may include provision for:
(a) the repayment of the whole or a part of a grant; and
(b) the giving of security for:
(i) the repayment of the whole or a part of a grant; or
(ii) the payment to the Commonwealth of the amount that under the terms and conditions is taken to represent the Commonwealth's interest in:
(A) land purchased (with or without buildings); and
(B) buildings constructed or altered; and
(C) equipment acquired, altered, added to or installed;
as a result of the application of a grant or a grant and other money (whether or not that amount is more than the amount of the grant); and
(c) the use and disposal of, and the recovery of, the amount that under the terms and conditions is taken to represent the Commonwealth's interest in:
(i) land purchased (with or without buildings); and
(ii) buildings constructed or altered; and
(iii) equipment acquired, altered, added to or installed;
as a result of the application of a grant or a grant and other money (whether or not that amount is more than the amount of the grant).
(5) Where a grant under this Act has, in accordance with this section, been made on terms and conditions, the Minister, with the agreement of the grantee, may, by writing, vary those terms and conditions and, where there is an agreement under subsection ( 2) with respect to the terms and conditions so varied, that agreement shall be taken to be varied accordingly.
(6) In this section, grant includes an advance on account of grant under subsection 12(2).