93Grants to industry bodies

93 Grants to industry bodies (1) The Minister may determine that an amount of the money of the Fund be paid to an industry body if the Minister is satisfied the body has expended, or will expend, money for one or more of the following purposes: (a) improving regulatory compliance; (b) improving the quality of services provided by persons regulated under this Act. (2) The Minister must not make the determination unless the Minister has first consulted with: (a) the Fund regarding the ability to pay the money; and (b) the industry body to whom it is proposed to pay the money regarding the purpose to which the money has been, or is to be, put; and (c) the Board. (3) The determination may impose terms and conditions for the payment of the money to the industry body. (4) An industry body may apply to the Minister for payment of money from the Fund. (5) The application must: (a) specify the period during which the body has expended, or proposes to expend, money for the purposes referred to in subsection (1)(a) or (b); and (b) include details of the money expended, or proposed to be expended, including the purpose to which it has been, or is to be, put. (6) In this section: industry body means an industry representative body that has a role in improving the service the industry provides. Examples for definition of industry body in subsection (6)

1. Real Estate Institute of the Northern Territory.
2. Australian Institute of Conveyancers.

Agents Licensing Act 1979 64