17AClubGRANTS Fund

#### 17A ClubGRANTS Fund 17A ClubGRANTS Fund > > (1) There is established in the Special Deposits Account an account to be called the ClubGRANTS Fund (the Fund). > > > (2) The Fund is to be administered by the Secretary of the Department of Customer Service. > > > (3) The following is to be paid into the Fund— > > > > > (a) money paid into the Fund under subsections (5) and (6), > > > > > (b) money advanced to the Fund by the Treasurer, > > > > > (c) the interest and any other amounts from time to time accruing from the investments of the Fund, > > > > > (d) other money required or permitted to be paid into the Fund by or under this or any other Act. > > > (4) There is payable from the Fund— > > > > > (a) expenditure approved by the Minister administering the [Registered Clubs Act 1976](/view/html/inforce/current/act-1976-031) to support and develop, by way of grant, large scale projects or services associated with sport, health or community infrastructure that are defined in the ClubGRANTS guidelines as Category 3 projects and services, > > > > > (b) administrative expenses incurred in relation to the Fund, > > > > > (c) money that is directed to be paid from the Fund by or under this or any other Act. > > > (5) There is to be paid, without further appropriation than this Act, into the Fund out of the Consolidated Fund, within 1 month after the end of each tax year for registered clubs, an amount equal to 0.4% of the prescribed profits of each registered club during the tax year. > > > (6) A registered club may pay amounts of money into the Fund. > > > (7) In this section, prescribed profits has the same meaning as in section 17. > > **s 17A:** Ins 2011 No 31, Sch 1 \[10\]. Am 2017 No 22, Sch 4.16 \[1\]; 2020 No 30, Sch 3.15.