Commonwealth Consolidated Acts

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URBAN AND REGIONAL DEVELOPMENT (FINANCIAL ASSISTANCE) ACT 1974 - SECT 5

Financial assistance

  (1)   Australia may agree with a State upon financial assistance by way of a loan or otherwise to be provided by Australia to the State under this Act in respect of expenditure by that State, or by an approved body, in accordance with a program approved under section   4, and financial assistance may be provided to the State accordingly.

  (2)   An agreement under subsection   ( 1) shall be in writing.

  (3)   An agreement under subsection   ( 1) may include provision for:

  (a)   the review of the operation of the agreement; and

  (b)   the amendment of the agreement by a further agreement in consequence of such a review;

and the agreement as so amended may vary any conditions provided for by section   7.



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