321 Grants to educational bodies

(1)

An educational body may be paid grants out of public money appropriated by Parliament for the purpose on such conditions as the Minister thinks fit.

(2)

However, a grant may not be paid under this section to a tertiary education provider or an industry training organisation (as those terms are defined in section 159) unless the Minister is satisfied that payment under this section is in the national interest.

(3)

The amount of every grant and the conditions subject to which it will be paid shall be determined by the Minister.

(4)

Before a grant is paid, the Minister may give the body written notice that the grant, or a part or parts of the grants (specified as a particular sum or as a proportion of the total grant), is not to be used except for purposes specified in the notice.

(5)

A body that has been given notice under subsection (4) shall ensure that no part of the grant to which the notice relates is used for purposes other than those specified for it in the notice.

(6)

Subject to subsection (5), a body to which a grant is paid may apply the grant as it sees fit.

(7)

During the financial year during which a grant was paid to a body under this section, and during the next financial year, the Secretary may by written notice to the body require it to give to the Secretary in writing any financial report, or statistical or other information, relating to the body specified in the notice, within a time specified in the notice; and the body shall take all reasonable steps to comply with the notice.

Section 321: inserted, on 1 January 1992, by section 33 of the Education Amendment Act (No 4) 1991 (1991 No 136).

Section 321 heading: amended, on 1 January 2003, by section 43(1) of the Education (Tertiary Reform) Amendment Act 2002 (2002 No 50).

Section 321(1): replaced, on 1 January 2003, by section 43(2) of the Education (Tertiary Reform) Amendment Act 2002 (2002 No 50).

Section 321(2): replaced, on 1 January 2003, by section 43(2) of the Education (Tertiary Reform) Amendment Act 2002 (2002 No 50).