Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The project approval instrument for a Transport Development and Innovation Project must:
(a) identify the project; and
(b) specify the maximum funding amount that the Commonwealth may contribute to the project; and
(c) identify the eligible funding recipient to which the funding may be paid; and
(d) if the approval is conditional on a funding agreement being entered into with the eligible funding recipient--contain a statement to that effect.
(2) The project approval instrument for a Transport Development and Innovation Project must state that the approval is conditional on a funding agreement being entered into with the eligible funding recipient, unless the recipient is:
(a) a State; or
(b) an authority of a State; or
(c) a local government authority; or
(d) a body in which one of the following persons or bodies has, or 2 or more of the following persons or bodies together have, a controlling interest:
(i) the Commonwealth;
(ii) a State;
(iii) an authority of a State.
Note: This subsection does not prevent the project approval instrument from stating that the approval is conditional on a funding agreement being entered into with a funding recipient of a kind referred to in paragraph ( a), (b), (c) or (d).
(3) The project approval instrument for a Transport Development and Innovation Project may exclude one or more specified purposes from being purposes on which funding may be expended.