30Payments from CID Levies Fund

30 Payments from CID Levies Fund

30 Payments from CID Levies Fund

(1) There is payable from the CID Levies Fund—

(a) money paid on account of a CID, or in connection with a CID, including in connection with an approved CID proposal for a CID, and

(b) money directed to be paid from the fund by or under this or any other Act or law.

(2) Money must be paid out of the CID Levies Fund in accordance with the directions of the Minister.

(3) Money paid into the CID Levies Fund in relation to a CID, including levies collected to fund an approved CID proposal, must, subject to this section, be paid out of the fund to the relevant CID entity to meet the expenditure in connection with the approved CID proposal.

(4) Despite subsections (1)(a) and (3),the Authority may withhold money from a CID entity if the Authority is satisfied or suspects the CID entity—

(a) is not operational, or

(b) has failed to comply with this Act or the regulations or with the Associations Incorporation Act 2009 or the regulations under that Act.

(5) Nothing in subsections (1)(a) and (3) requires money to be paid to a CID entity if the Authority is required or entitled to withhold money under the terms of a contract or other arrangement with the CID entity.