Commonwealth Consolidated Acts

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SCHOOLS ASSISTANCE ACT 2008 - SECT 15

Authorised financial assistance--financial viability

  (1)   The Minister may refuse to authorise, or may delay, a payment to a State under this Act for a non - government body (including a non - government school), or the relevant authority of such a body, if:

  (a)   either (or both) of the following applies:

  (i)   the body or authority is a body corporate that is being wound up;

  (ii)   the affairs of the body or authority are under any form of external control (for example, the control of a manager) under a law of the Commonwealth or a State; or

  (b)   the Minister considers that:

  (i)   the liabilities of the body or authority are greater than its assets; or

  (ii)   the body or authority is (and is likely to continue for a substantial period to be) unable to pay its debts as and when they fall due for payment; or

  (c)   a law of the Commonwealth or a State requires the body or authority to be audited, and the Minister determines that this paragraph applies because the relevant audit:

  (i)   is expressed to be qualified; or

  (ii)   expresses concern about the financial viability of the body or authority.

  (2)   A determination made under paragraph   ( 1)(c) is not a legislative instrument, but is a disallowable instrument for the purposes of section   46B of the Acts Interpretation Act 1901 .

Note:   Section   46B of the Acts Interpretation Act 1901 was repealed by the Acts and Instruments (Framework Reform) Act 2015 . Item   179 of Schedule   1 to that Act includes certain saving and transitional provisions for section   46B.



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