33Matters specified in project approval instrument

33 Matters specified in project approval instrument

(1) The project approval instrument for a Transport Development and Innovation 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 a Transport Development and Innovation 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 a Transport Development and Innovation Project may exclude one or more specified purposes from being purposes on which funding may be expended.