7Conditions of grants of financial assistance

7 Conditions of grants of financial assistance

7 Conditions of grants of financial assistance

(1) The Minister may, when granting financial assistance under this Act—

(a) make the assistance subject to a security, or

(b) impose conditions on the assistance.

(2) Without limiting subsection (1), conditions may relate to the following—

(a) meeting specified performance targets or outcomes,

(b) obtaining specified investment levels,

(c) repayment of assistance where specified performance targets or outcomes or investment levels are not met as required under a condition to which the grant is subject,

(d) the periods for which, or the intervals at which, assistance is to be provided,

(e) the payment of interest on the assistance.

s 7: Am 2024 No 64, Sch 1[7] [8].