3Overview of the Act

3 Overview of the Act

Making of agreements (1) This Act allows the Minister to make an agreement with an education provider or other person or body authorising the making of payments. Agreements with education providers (2) For an agreement with an education provider, the payments may be for recurrent expenditure of the provider in those years, for ABSTUDY approved courses run by the provider in those years or for particular projects. Agreements with other persons or bodies (3) For an agreement with another person or body, the payments may be for particular projects. Payments must be for advancing the objects of this Act (4) The payments under an agreement must be for advancing the objects of this Act. Amount of the payments (5) The amount of the payments must be specified in the agreement or worked out in accordance with the agreement. Recovery of payments (6) If there is a breach of a condition in an agreement, the Minister may require an amount to be repaid to the Commonwealth. If the amount is not repaid, other payments under the agreement may be reduced or the Commonwealth may recover an amount as a debt.