sec.370Requirement to give financial data

sec.370 Requirement to give financial data

The purpose of this section is to enable the Minister to obtain information in relation to a non-State school in receipt of subsidy for deciding the amount of an allowance payable under section 368 (1) (b) . The governing body of a non-State school in receipt of subsidy must on or before the day prescribed under a regulation give the Minister financial data, for the school, relating to the previous year of operation of the school. The data must be provided in the approved form. The source of the data must be the audited financial statements for the school’s governing body for the relevant year. Subsection (1) does not limit the matters the Minister may have regard to in deciding the amount of an allowance payable under section 368 (1) (b) . Subsection (2) does not apply if the school has been in operation for less than the whole of the relevant year. If the governing body does not comply with this section, the noncompliance is a ground for suspending payment of the allowance. s 370 amd 2017 No. 24 s 220 (sec.370-ssec.1) The purpose of this section is to enable the Minister to obtain information in relation to a non-State school in receipt of subsidy for deciding the amount of an allowance payable under section 368 (1) (b) . (sec.370-ssec.2) The governing body of a non-State school in receipt of subsidy must on or before the day prescribed under a regulation give the Minister financial data, for the school, relating to the previous year of operation of the school. (sec.370-ssec.3) The data must be provided in the approved form. (sec.370-ssec.4) The source of the data must be the audited financial statements for the school’s governing body for the relevant year. (sec.370-ssec.5) Subsection (1) does not limit the matters the Minister may have regard to in deciding the amount of an allowance payable under section 368 (1) (b) . (sec.370-ssec.6) Subsection (2) does not apply if the school has been in operation for less than the whole of the relevant year. (sec.370-ssec.7) If the governing body does not comply with this section, the noncompliance is a ground for suspending payment of the allowance.