Financial Framework Legislation Amendment Act (No. 2) 2012
40At the end of section 6
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40 At the end of section 6
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(8) If:
(a) an amount (the first amount) is payable by the eligible body under subsection (4); and
(b) another amount (the second amount) is payable by the Commonwealth to the eligible body under the funding contract;
the Minister may, on behalf of the Commonwealth, set off the whole or a part of the first amount against the whole or a part of the second amount.
(9) For the purposes of this section, net matching payments for a financial year means the total of the matching payments made to the eligible body during the financial year, less the amount payable by the eligible body under subsection (4) as a condition of those matching payments.