10Competition Agreement: per capita growth deductions

10 Competition Agreement: per capita growth deductions

The Treasurer may deduct from the amount of financial assistance grant payable to a State under section 9 in relation to a grant year:

(a) an amount that does not exceed; or

(b) amounts that in total do not exceed;

the amount that may be deducted under the applicable Schedule.

Note: This provision is enacted pursuant to the Competition Agreement. Under that Agreement, the per capita component of growth in the pool of financial assistance grants is payable subject to the States complying with the conditions set out in the Agreement.