Commonwealth Consolidated Acts

EXPORT MARKET DEVELOPMENT GRANTS ACT 1997 - SECT 105

  (1)   In any financial year, no more than the applicable percentage of the money appropriated (the appropriated amount ) by the Parliament for the purposes of making payments under this Act is to be applied in payment of the costs of the administration of this Act.

  (2)   To avoid doubt, if the costs of the administration of this Act for a financial year exceed the applicable percentage of the appropriated amount for that year, the excess costs are to be paid otherwise than out of the appropriated amount.

  (3)   The applicable percentage is the following:

  (a)   for the financial year ending on 30   June 2021--7.5%;

  (b)   for the financial year ending on 30   June 2022--7%;

  (c)   for a financial year ending on or after 30   June 2023--5%.