14Payment of funds by the Authority

##### 14 Payment of funds by the Authority (1) Subject to subsection (3), the Authority must make payments in respect of each year to give effect to the allocations made in respect of that year. (2) Amounts allocated by the Authority: (a) for expenditure of a capital nature; or (b) for expenditure on national programs or national projects; must be paid by the Authority under arrangements that are in accordance with guidelines determined by the Ministerial Council. (3) No amount is to be paid by the Authority to a State under subsection (1) for expenditure other than expenditure on national programs or national projects unless the State annual VET plan for that year has been approved by the Ministerial Council. (6) If the amount paid to a State in respect of a year exceeds the amount properly payable to the State, an amount equal to the excess is payable by the State to the Authority. (7) This section has effect subject to sections 14A and 14AA.