7Provisions applicable to grants, &c.

7 Provisions applicable to grants, &c.

(1)  Where, at the date of –

(a) the merger of the whole or part of the business of an employer with the business of another employer; or

(b) the acquisition of the whole or part of the business of an employer by another employer –

there is in force a grant agreement entered into by either of those employers or there are in force grant agreements entered into by both those employers, the Minister may do such of the following things as he considers desirable:

(c) in the case of a grant agreement entered into by an employer the whole of whose business has been so merged or acquired, the Minister may –

(i) transfer to the other employer the entitlement to the grant or grants to which the agreement relates; or

(ii) cancel the agreement;

(d) in the case of a grant agreement entered into by an employer part of whose business has been so merged or acquired, the Minister may –

(i) pay, or, as the case may be, continue to pay, to the employer the grant or grants to which the agreement relates;

(ii) transfer to the other employer the entitlement to that grant or those grants; or

(iii) cancel the agreement;

(e) in the case of a grant agreement entered into by an employer who will carry on the business resulting from the merger or acquisition, the Minister may –

(i) pay, or, as the case may be, continue to pay, to the employer the grant or grants to which the agreement relates; or

(ii) cancel the agreement.

(2)  Where, pursuant to subsection (1) , the Minister cancels a grant agreement, any instalment of a grant to which the agreement relates that has been paid to the employer who was a party to that agreement becomes, if the Minister so determines, immediately payable by that employer to the Minister.

(3)  Where an employer to whom a grant has been made under this Act receives any sum of money by way of a grant under a Commonwealth scheme of assistance, the amount payable as a grant under this Act shall be adjusted by deducting from the full amount of that grant an amount equal to the difference between the sum of any grants so received (including the grant under this Act) and the wages payable by the employer to the employee in respect of the period for which the grant under this Act is made.