Common use of Amount of Advances Clause in Contracts

Amount of Advances. (1) Each State shall, not later than the fifteenth day of May preceding the beginning of a financial year of this Agreement, inform the Minister of the amounts that the State wishes the Commonwealth to advance to it under this Agreement in respect of the financial year for — (a) the provision of welfare housing by the Housing Authority of the State; and (b) payment to the Home Builders’ Account of the State. (2) After consultation with the State Minister on the requirements of the State for welfare housing, during which regard shall be taken, among other relevant matters of the numbers seeking assistance, the cost of land and of dwelling construction and the capacity of the State to use advances, the Minister shall determine the amounts to be advanced to the State in respect of the financial year as Housing Authority advances and as Home Builders’ Account advances in accordance with clause 9.

Amount of Advances. (1) Each State shall, not later than the fifteenth day of May preceding the beginning of a financial year of this Agreement, inform the Minister of the amounts that the State wishes the Commonwealth to advance to it under this Agreement in respect of the financial year for — (a) the provision of welfare housing by the Housing Authority of the State; and (b) payment to the Home Builders’ Account of the State. (2) After consultation with the State Minister on the requirements of the State for welfare housing, during which regard shall be taken, among other relevant matters of the numbers seeking assistance, the cost of land and of dwelling construction and the capacity of the State to use advances, the Minister shall determine the amounts to be advanced to the State in respect of the financial year as Housing Authority advances and as Home Builders’ Account advances in accordance with clause 9.9.‌‌