SACC026: TEO to repay funding following revocation of funding approval


If a TEC revokes some or all of a TEO's SACC funding under section 159YG or 159ZF of the Education Act before some or all of that funding has been used or contractually committed towards the purposes for which it was provided, the TEO must treat the unexpended or uncommitted portion of funding as a debt due to the Crown that:

a)     is repayable on demand by the TEC; and

b)    subject to the TEC's set-off rights under any funding condition may be set-off against all or any funding, or any sum of money payable by the TEC to the TEO.

  • Last changed: 29 March 2016
  • Last verified: 29 March 2016