8Payments out of the Fund

8 Payments out of the Fund

8 Payments out of the Fund

(1) The following may be paid out of the Fund:

(a) all or any part of the cost of any project, program or initiative that the Minister is satisfied promotes the purpose of the Fund,

(b) administrative expenses relating to the control and management of the Fund,

(c) the payment or repayment of principal or interest on money borrowed by the Minister for the purpose of the Fund (including any costs associated with the borrowing),

(d) any payment or repayment of money from the Fund referred to in section 7 (3),

(e) any money payable arising from a derivative arrangement (or other financial risk management strategy) effected by the Minister for the purpose of the Fund,

(f) any money directed or authorised to be paid from the Fund by or under this Act or any other Act or law.

(2) Payments from the Fund for the cost of a project, program or initiative may be provided by way of a grant, subsidy, loan or other financial assistance and may be subject to such conditions as the Minister thinks fit.

(3) Without limiting subsection (2), those conditions may relate to the following:

(a) meeting specified performance targets or outcomes,

(b) repayment of the whole or any part of any such financial assistance (including repayment if specified performance targets or outcomes are not met as required under a condition of the provision of the financial assistance),

(c) the payment of interest on financial assistance provided by way of a loan,

(d) the periods or intervals at which repayments are to be made.

s 8: Am 2018 No 70, Sch 3.54 [3].