Australian Technical Colleges (Flexibility in Achieving Australia's Skills Needs) Act 2005
20Minister may refuse to authorise, or delay, payment in certain circumstances
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20 Minister may refuse to authorise, or delay, payment in certain circumstances
(1) The Minister may refuse to authorise a payment to an ATC authority under this Act for an ATC that is a non‑government school in a State during any period when the State Minister does not recognise the ATC as a school. (2) The Minister may refuse to authorise, or may delay, a payment to an ATC authority that is a body corporate if: (a) it is being wound up; or (b) a receiver has been appointed in respect of its property; or (c) its affairs are under the control of a manager. (3) The Minister may refuse to authorise, or may delay, a payment to an ATC authority that is not a body corporate if the Minister considers that: (a) its liabilities are substantially greater than its assets; or (b) it 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.