23Commissioner to decide applications

23 Commissioner to decide applications

(1)  If the Commissioner is satisfied that a grant is payable on an application under this Act, the Commissioner must authorise the payment of the grant.

(2)  The Commissioner may authorise the payment of a grant under this Act before completion of an eligible transaction if satisfied that –

(a) there are good reasons to do so; and

(b) the interests of the State and the Commonwealth, if relevant, can be adequately protected by conditions requiring repayment of the grant if the eligible transaction is not completed within a reasonable time.