sec.487Closure of community investment fund

### sec.487 Closure of community investment fund On the commencement— the former community investment fund is closed; and any amount remaining in the fund is transferred to the consolidated fund. The Treasurer may, without further appropriation, withdraw an amount and pay it to an entity if— the Treasurer either— decided, before the commencement, to pay the amount to the entity out of the former community investment fund; or is satisfied the Minister decided, before the commencement, to pay the amount to the entity out of a continuing fund; and immediately before the commencement, the amount has not been paid to the entity. In this section— continuing fund means— the casino community benefit fund under the Casino Control Act 1982 , section 52 (1) ; or the gambling community benefit fund under section 315. former community investment fund means the community investment fund under previous section 314. Minister means the Minister responsible, immediately before the commencement, for the administration of the relevant continuing fund. s 487 ins 2013 No. 25 s 96 (sec.487-ssec.1) On the commencement— the former community investment fund is closed; and any amount remaining in the fund is transferred to the consolidated fund. (sec.487-ssec.2) The Treasurer may, without further appropriation, withdraw an amount and pay it to an entity if— the Treasurer either— decided, before the commencement, to pay the amount to the entity out of the former community investment fund; or is satisfied the Minister decided, before the commencement, to pay the amount to the entity out of a continuing fund; and immediately before the commencement, the amount has not been paid to the entity. (sec.487-ssec.3) In this section— continuing fund means— the casino community benefit fund under the Casino Control Act 1982 , section 52 (1) ; or the gambling community benefit fund under section 315. former community investment fund means the community investment fund under previous section 314. Minister means the Minister responsible, immediately before the commencement, for the administration of the relevant continuing fund. - (a) the former community investment fund is closed; and - (b) any amount remaining in the fund is transferred to the consolidated fund. - (a) the Treasurer either— (i) decided, before the commencement, to pay the amount to the entity out of the former community investment fund; or (ii) is satisfied the Minister decided, before the commencement, to pay the amount to the entity out of a continuing fund; and - (i) decided, before the commencement, to pay the amount to the entity out of the former community investment fund; or - (ii) is satisfied the Minister decided, before the commencement, to pay the amount to the entity out of a continuing fund; and - (b) immediately before the commencement, the amount has not been paid to the entity. - (i) decided, before the commencement, to pay the amount to the entity out of the former community investment fund; or - (ii) is satisfied the Minister decided, before the commencement, to pay the amount to the entity out of a continuing fund; and - (a) the casino community benefit fund under the Casino Control Act 1982 , section 52 (1) ; or - (b) the gambling community benefit fund under section 315.