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 2   Application and saving provisions

11   Application provision - overpayment or underpayment of grant

Overpayments

(1) If a State has been paid an amount in excess of the amount that, under section 12 of the Act, it was entitled to receive by way of financial assistance for the 2024-25 or 2023-24 financial year:

(a) section 18 of the Act does not apply to the amount; and

(b) the Minister must deduct an amount equal to the excess from any amount that the State is entitled to receive by way of financial assistance under section 12A of that Act for the first practicable subsequent financial year.

Underpayments

(2) If a State has been paid less than the amount that, under section 12 of the Act, it was entitled to receive by way of financial assistance for the 2024-25 or 2023-24 financial year:

(a) section 18 of the Act does not apply to the amount; and

(b) the Minister must add an amount equal to the shortfall to any amount that the State is entitled to receive by way of financial assistance under section 12A of the Act for the first practicable subsequent financial year.