5Grants of financial assistance

5 Grants of financial assistance

5 Grants of financial assistance

(1) The Minister may, on application made to the Minister or on the Minister’s own initiative, grant financial assistance to a person for a purpose that is consistent with one or more of the purposes specified in section 3.

(2) An application for assistance is to be in the form approved by the Secretary and is to be accompanied by any additional documentation or other information that the Secretary may require.

(3) In determining an application for financial assistance, the Minister may consider the likely economic impact on the region concerned of granting the assistance.

(4) Subsection (3) does not limit the matters that may be considered by the Minister.

(5) The Minister may, on application made to the Minister or at the Minister’s discretion, at any time withdraw or vary financial assistance granted under this Act.

Note—

The furnishing of false or misleading information in connection with an application or a false or misleading application is an offence under Part 5A of the Crimes Act 1900. The maximum penalty for such an offence is 2 years imprisonment or 200 penalty units, or both.

s 5: Am 2015 No 15, Sch 2.46; 2024 No 64, Sch 1[4] [5].