115ABCasino Supervisory Fund

115AB Casino Supervisory Fund

115AB Casino Supervisory Fund

(1) A Casino Supervisory Fund is to be established in the Special Deposits Account.

(2) Money in the account is under the control and management of the NICC.

(3) The following amounts must be paid into the Fund—

(a) all money received under section 115A as a casino supervisory levy,

(b) the proceeds of the investment of money in the Fund.

(4) Money must be paid from the Fund—

(a) to enable the NICC to exercise its functions, or

(b) to the Secretary if—

(i) the amount paid into the Fund is more than the budget of the NICC, and

(ii) the NICC and Secretary have not otherwise agreed the amount is to be allocated to the NICC for payment under paragraph (a).

s 115AB: Ins 2022 No 36, Sch 1[84].