(1) The Secretary may, on behalf of the Commonwealth, enter into a written agreement with a body corporate under which the Commonwealth makes one or more grants of money to the body for the purposes specified in the agreement. The purposes must, in the Secretary's opinion, further the objects of this Act.
(2) A grant under this Part is payable to a body:
(a) at such time as is specified in the agreement; and
(b) in full or in such instalments as are specified in the agreement.
(3) The Grant Principles may specify requirements with which the Secretary must comply in exercising powers under this Part.
Note: The Grant Principles are made by the Minister under section 96-1.