37ZU

37ZU Registration for the purposes of the scheme

Registration requirements (1) The Clothing and Household Textile (BIC) scheme may impose requirements relating to the registration of entities. (2) The requirements may include (but are not limited to) any or all of the following requirements: (a) a requirement that an entity must apply for registration; (b) a requirement that an entity’s application for registration be accompanied by a statement issued by a specified person as to the entity’s future financial viability; (c) a requirement that an entity’s application for registration be accompanied by specified information about the entity (which may include statistical information); (d) a requirement that an entity’s application for registration be accompanied by such a fee as is ascertained in accordance with the scheme. Consequences of non‑compliance with registration requirements (3) The scheme may provide for one or more of the following consequences for an entity that does not comply with a particular requirement relating to registration: (a) the consequence that the entity is not eligible for an innovation grant; (b) the consequence that the entity’s eligibility for an innovation grant is subject to restriction or reduction; (c) the consequence that the time of payment of an innovation grant to the entity is deferred.