Education (Tertiary Reform) Amendment Act 2002

44 Recognised bodies to keep accounts
  • (1) The heading to section 322 of the principal Act is amended by omitting the word Recognised, and substituting the word Educational.

    (2) Section 322 of the principal Act is amended by repealing subsections (2) to (4), and substituting the following subsection:

    • (2) Every grant under section 321 to an educational body must be paid under a funding agreement that specifies—

      • (a) the purpose of the grant; and

      • (b) any conditions attaching to it; and

      • (c) the reporting obligations of the recipient.