Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024 (138 of 2024)

Schedule 6   National skills and workforce development payments

Part 1   Amendments

Federal Financial Relations Act 2009

3   After Part 2

Insert:

Part 2A - National skills and workforce development payments

12A National skills and workforce development payments

Scope

(1) This section applies to a State in relation to a financial year if:

(a) the State is a party to a skills and workforce development agreement; and

(b) the financial year is the 2024-25 financial year or a later financial year.

Determination

(2) The Minister may determine that an amount specified in the determination is to be paid to the State for the purpose of making a grant of financial assistance for the financial year for the purpose of expenditure in accordance with the skills and workforce development agreement.

(3) A determination under subsection (2) is a legislative instrument, but section 42 (disallowance) of the Legislation Act 2003 does not apply to the determination.

Terms and conditions

(4) Financial assistance is payable to the State under this section for the financial year on condition that the financial assistance is spent in accordance with the skills and workforce development agreement.

(5) Financial assistance payable to the State under this section is subject to such additional terms and conditions (if any) as are set out in the skills and workforce development agreement.