64Obligation to pass on incentives or State or Territory contributions in a timely manner

64 Obligation to pass on incentives or State or Territory contributions in a timely manner

(1) This section applies if: (a) an approved participant: (i) is given an incentive or State or Territory contribution; and (ii) is required to pass on all or part of the incentive or contribution to an investor (whether under an arrangement or otherwise); or (b) a gaining approved participant is required to give an investor an incentive that has been redirected under Division 3 of Part 6. (2) The approved participant or gaining approved participant must comply with the requirement before the earliest of the following: (a) if a legal obligation requires the incentive or contribution to be passed on within a particular period (however described)—the end of that period; (b) 90 days after the approved participant is given the incentive or contribution.