Commonwealth Consolidated Acts

TEXTILE, CLOTHING AND FOOTWEAR INVESTMENT AND INNOVATION PROGRAMS ACT 1999 - SECT 37V

Advances

  (1)   The TCF Post - 2005 (SIP) scheme may provide for advances on account of grants that may become payable.

Repayments

  (2)   If:

  (a)   an entity receives an amount by way of an advance on account of a grant that may become payable to the entity; and

  (b)   that amount exceeds the amount of the grant (if any);

the entity is liable to pay to the Commonwealth the amount of the excess.