sec.252No financial assistance without agreement

### sec.252 No financial assistance without agreement If the chief executive approves a grant of financial assistance for an entity, the chief executive must enter into a written agreement with the entity (a financial assistance agreement ) for giving the financial assistance. The chief executive may give the financial assistance to the entity only if the entity has entered into a financial assistance agreement for the assistance. If the entity is not a body corporate, the member or members of the entity as required by the chief executive, must agree in writing to the conditions on which the grant is made. Despite subsection (2) , the chief executive may give financial assistance before a financial assistance agreement is entered into if satisfied— there is an urgent need for the assistance; and it is not practicable to enter into a financial assistance agreement before assistance is given. If subsection (4) applies, the entity must— before receiving the financial assistance, agree in writing to enter into a financial assistance agreement after receiving the assistance within a stated time decided by the chief executive; and enter into the financial assistance agreement within that time. Recurrent financial assistance must stop if the entity has not entered into a financial assistance agreement within the stated time. (sec.252-ssec.1) If the chief executive approves a grant of financial assistance for an entity, the chief executive must enter into a written agreement with the entity (a financial assistance agreement ) for giving the financial assistance. (sec.252-ssec.2) The chief executive may give the financial assistance to the entity only if the entity has entered into a financial assistance agreement for the assistance. (sec.252-ssec.3) If the entity is not a body corporate, the member or members of the entity as required by the chief executive, must agree in writing to the conditions on which the grant is made. (sec.252-ssec.4) Despite subsection (2) , the chief executive may give financial assistance before a financial assistance agreement is entered into if satisfied— there is an urgent need for the assistance; and it is not practicable to enter into a financial assistance agreement before assistance is given. (sec.252-ssec.5) If subsection (4) applies, the entity must— before receiving the financial assistance, agree in writing to enter into a financial assistance agreement after receiving the assistance within a stated time decided by the chief executive; and enter into the financial assistance agreement within that time. (sec.252-ssec.6) Recurrent financial assistance must stop if the entity has not entered into a financial assistance agreement within the stated time. - (a) there is an urgent need for the assistance; and - (b) it is not practicable to enter into a financial assistance agreement before assistance is given. - (a) before receiving the financial assistance, agree in writing to enter into a financial assistance agreement after receiving the assistance within a stated time decided by the chief executive; and - (b) enter into the financial assistance agreement within that time.