Higher Education Support Act 2003

Chapter 2 - Grants for higher education assistance etc  


Division 41 - Other grants  

SECTION 41-40   Rollover of grant amounts  


(a) a body to which a grant under this Part has been made in respect of a year fails to spend an amount of that grant; and

(b) the *Secretary determines in writing that this section is to apply to the body in respect of that grant;

then so much of the unspent amount as the Secretary specifies is taken to be granted to the body under this Part in respect of the next following year.

The amount is taken to be granted for the same purpose as the original grant.

The grant is taken to be made:

(a) under the same conditions as the conditions of the original grant - except the grant is taken to be made in respect of the next following year; or

(b) under such other conditions as are determined by the *Secretary.

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