84Basic requirements for approval

84 Basic requirements for approval

(1) This section sets out requirements for a person for the purposes of subparagraph 83(1)(b)(i) and paragraph 88(1)(a). Body corporate (2) The person is a body corporate. Not‑for‑profit (3) The person is a not‑for‑profit organisation. Financial viability (4) The person is financially viable. Fit and proper person (5) The person is fit and proper to be a block grant authority for one or more schools. Matters to have regard to (6) For the purposes of determining whether a person satisfies the requirement in subsection (4), the Minister may have regard to the amount of financial assistance the person receives, or is likely to receive, from the Commonwealth, a State or a Territory.

Note: The regulations may prescribe other matters that the Minister may or must have regard to in making a decision under this section (see paragraph 130(2)(b)).

Permission from approved authority (7) For each school specified (whether expressly or by reference to an approved authority) in an approval of a block grant authority, the block grant authority has the written permission of the approved authority for the school to receive financial assistance that is payable under Division 2 of Part 5.