4Assistance to certain persons engaged in business undertakings

4 Assistance to certain persons engaged in business undertakings

(1)  The Treasurer may provide financial assistance, by way of grants, loans, or both, to persons engaged in business undertakings who, the Treasurer considers –

(a) are adversely affected by economic conditions;

(b) are suffering disadvantages by reason of competition from other persons outside this State who receive special concessions by way of reduced taxation or otherwise; or

(c) by reason of any financial, economic, manpower, or other conditions or circumstances affecting them, should be provided with such assistance.

(2)  Financial assistance provided under this Act shall be provided on such terms and conditions as the Treasurer may determine or as may be specified in any agreement relating to the provision of that assistance.