20AAgreements with persons other than States

20A Agreements with persons other than States

Grants of money (1) The Minister may, on behalf of the Commonwealth, enter into a written agreement with a person (other than a State) for the Commonwealth to make one or more grants of money to the person for purposes relating to rural adjustment (other than the Farm Business Improvement Program). A grant is subject to such terms and conditions as are set out in the agreement. Loans of money (2) The Minister may, on behalf of the Commonwealth, enter into a written agreement with a person (other than a State) for the Commonwealth to make one or more loans of money (whether secured or unsecured) to the person for purposes relating to rural adjustment (other than the Farm Business Improvement Program). A loan is subject to such terms and conditions as are set out in the agreement. Payments to be made out of separate appropriation (3) Payments by the Commonwealth under agreements made under this section are to be made out of money appropriated by the Parliament for the purposes of this section. Performance requirements (4) Unless the Minister otherwise determines, an agreement under this section must include provisions relating to the following matters: (a) performance requirements; (b) outcomes and/or targets; (c) performance indicators; (d) review and evaluation. This subsection does not, by implication, limit the generality of subsection (1) or (2). Compliance with section 20B (5) This section has effect subject to section 20B.