159ZD Conditions on funding received under section 159ZC

(1)

It is a condition of receiving funding under section 159ZC that the recipient will supply to the Commission or Ministry, from time to time as required by the Commission or Ministry, and in a form specified by the Commission or Ministry, any financial, statistical, or other information that the Commission or Ministry requires the organisation to supply.

(2)

The Commission may impose conditions on funding received by an organisation under section 159ZC, but only if the Minister has provided that, under the funding mechanism under which that funding is provided,—

(a)

any or specified conditions may be imposed; or

(b)

specified conditions must be imposed.

(3)

The Commission may at any time (including during a funding period) amend any condition imposed under subsection (2).

(4)

An amendment to a condition takes effect when the organisation has been given reasonable notice of it.

Section 159ZD: replaced, on 1 January 2008, by section 21 of the Education (Tertiary Reforms) Amendment Act 2007 (2007 No 106).