Acquitting a grant means accurately reporting on the funded activities and the expenditure of Australia Council funding. Grant reports - providing artistic and financial information - are required on completion of your project.
Acquittal is a formal condition of funding. If you do not provide a satisfactory grant report at the times and in the manner detailed in your funding agreement the Australia Council will not make any further payments that may be due to you, and you will be ineligible to apply for further grants.
The Australia Council may ask you to pay back all or part of the funding provided to you. It may take action to recover any unspent or misspent funding as a debt due and payable.