sec.253What financial assistance agreement is to contain

### sec.253 What financial assistance agreement is to contain A financial assistance agreement must state each of the following the chief executive considers relevant to the financial assistance— the amount of assistance; whether the assistance is recurrent or one-off assistance; the period of the agreement and, for recurrent assistance, how often assistance is to be given; the type of program or service to be provided; the place at which the program or service is to be provided; the way the entity is to report to the chief executive; the circumstances in which the entity is in breach of the agreement; the action that may be taken by the chief executive for a breach of the agreement, including the suspension or stopping of financial assistance. A financial assistance agreement must also state that it is a condition of the agreement that the grantee give the chief executive written notice within 30 days after becoming aware of any of the following matters, unless the grantee has a reasonable excuse— the grantee’s address changes; for a nonprofit corporation—the grantee is under external administration under the Corporations Act or a similar law of a foreign jurisdiction; a matter prescribed under a regulation. The agreement may also include other matters the chief executive considers necessary to give effect to or enforce the agreement. If there is an inconsistency between the agreement and subdivisions 2 to 4 , the agreement is ineffective to the extent of the inconsistency. (sec.253-ssec.1) A financial assistance agreement must state each of the following the chief executive considers relevant to the financial assistance— the amount of assistance; whether the assistance is recurrent or one-off assistance; the period of the agreement and, for recurrent assistance, how often assistance is to be given; the type of program or service to be provided; the place at which the program or service is to be provided; the way the entity is to report to the chief executive; the circumstances in which the entity is in breach of the agreement; the action that may be taken by the chief executive for a breach of the agreement, including the suspension or stopping of financial assistance. (sec.253-ssec.2) A financial assistance agreement must also state that it is a condition of the agreement that the grantee give the chief executive written notice within 30 days after becoming aware of any of the following matters, unless the grantee has a reasonable excuse— the grantee’s address changes; for a nonprofit corporation—the grantee is under external administration under the Corporations Act or a similar law of a foreign jurisdiction; a matter prescribed under a regulation. (sec.253-ssec.3) The agreement may also include other matters the chief executive considers necessary to give effect to or enforce the agreement. (sec.253-ssec.4) If there is an inconsistency between the agreement and subdivisions 2 to 4 , the agreement is ineffective to the extent of the inconsistency. - (a) the amount of assistance; - (b) whether the assistance is recurrent or one-off assistance; - (c) the period of the agreement and, for recurrent assistance, how often assistance is to be given; - (d) the type of program or service to be provided; - (e) the place at which the program or service is to be provided; - (f) the way the entity is to report to the chief executive; - (g) the circumstances in which the entity is in breach of the agreement; - (h) the action that may be taken by the chief executive for a breach of the agreement, including the suspension or stopping of financial assistance. - (a) the grantee’s address changes; - (b) for a nonprofit corporation—the grantee is under external administration under the Corporations Act or a similar law of a foreign jurisdiction; - (c) a matter prescribed under a regulation.