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Textile, Clothing and Footwear Strategic Investment Program Bill 1999

Part 3 Supplementation of the Regional Assistance Program

   

37   Supplementation of the Regional Assistance Program

             (1)  The object of this section is to allow the diversion to the Regional Assistance Program of a portion of the $700 million that is available for the TCF (SIP) scheme.

Note:          See also section 9.

             (2)  Before 1 July 2005, the Minister may, by writing, determine that a specified amount is appropriated from the Consolidated Revenue Fund for the purposes of the Regional Assistance Program.

             (3)  A determination under subsection (2) has effect accordingly.

             (4)  The Minister must cause a copy of a determination under subsection (2) to be laid before each House of the Parliament within 15 sitting days of that House after the day on which the determination was made.

             (5)  In this section:

Regional Assistance Program means the program administered by the Commonwealth and known as the Regional Assistance Program.