21Arrangements and grants

21 Arrangements and grants

(1) On or after 1 July 2020, the Drought Minister may, on behalf of the Commonwealth: (a) make an arrangement with; or (b) make a grant of financial assistance to; a person or body for: (c) the carrying out of a project that is directed towards achieving drought resilience; or (d) the carrying out of research that is directed towards achieving drought resilience; or (e) the provision of advice that is directed towards achieving drought resilience; or (f) the provision of a service that is directed towards achieving drought resilience; or (g) the adoption of technology that is directed towards achieving drought resilience; or (h) a matter that is incidental or ancillary to a matter mentioned in paragraph (c), (d), (e), (f) or (g).

Note: See also:

(a) section 25 (compliance with Drought Resilience Funding Plan); and
(b) section 26 (constitutional limits); and
(c) section 28 (advice from the Regional Investment Corporation Board).

(2) An arrangement under subsection (1) may provide for the Commonwealth to reimburse, or partly reimburse, costs or expenses. (3) A grant under subsection (1) may be made by way of the reimbursement, or partial reimbursement, of costs or expenses. (4) Subsections (2) and (3) do not limit subsection (1). (5) Subsection (1) does not authorise: (a) the acquisition of shares in a company; or (b) the making of a loan.