42Funding agreements with statutory recipient bodies

42 Funding agreements with statutory recipient bodies

(1) The Minister must, on behalf of the Commonwealth, enter into an agreement with a statutory recipient body. (2) If the Minister has entered into a funding agreement with a statutory recipient body under this section, the Minister may, on behalf of the Commonwealth: (a) vary the funding agreement; or (b) enter into another funding agreement with the body. (3) Without limiting subsection (1) or (2), the agreement may contain terms and conditions dealing with the following matters: (a) the management of any payments to the body under this Act; (b) any other matter in connection with the making of payments to the body under this Act or the spending of those payments; (c) the monitoring of the body’s compliance with its obligations under this Act or the agreement; (d) the provision of information by the body to the Commonwealth about a matter covered by paragraph (a), (b) or (c); (e) the management of any payments to the body by the Commonwealth other than under this Act. (4) The body must comply with the terms and conditions specified in the agreement. Publishing requirement (5) If the Minister, on behalf of the Commonwealth, enters into, or varies, a funding agreement with a statutory recipient body under this section, that body must publish a copy of the agreement, or of the agreement as varied, on its website as soon as reasonably practicable after the day on which the agreement was entered into or the variation occurred.