13Matters specified in project approval instrument

#### 13 Matters specified in project approval instrument (1) The project approval instrument for an Investment Project must: (a) identify the project; and (b) specify the maximum funding amount that the Commonwealth may contribute to the project; and (c) identify the eligible funding recipient to which the funding may be paid; and (d) if the approval is conditional on a funding agreement being entered into with the eligible funding recipient—contain a statement to that effect. (2) The project approval instrument for an Investment Project must state that the approval is conditional on a funding agreement being entered into with the eligible funding recipient, unless the recipient is: (a) a State; or (b) an authority of a State; or (c) a local government authority; or (d) a body in which one of the following persons or bodies has, or 2 or more of the following persons or bodies together have, a controlling interest: (i) the Commonwealth; (ii) a State; (iii) an authority of a State. > Note: This subsection does not prevent the project approval instrument from stating that the approval is conditional on a funding agreement being entered into with a funding recipient of a kind referred to in paragraph (a), (b), (c) or (d). (3) The project approval instrument for an Investment Project may exclude one or more specified purposes from being purposes on which funding may be expended.