279 Allocation of profits to certain statutory bodies

(1)

The Board may allocate from the profits of New Zealand lotteries a specified sum of money for expenditure, in accordance with the terms of their statutes, by any of the following bodies:

(a)

the Arts Council of New Zealand Toi Aotearoa constituted under the Arts Council of New Zealand Toi Aotearoa Act 2014:

(b)

the New Zealand Film Commission established under the New Zealand Film Commission Act 1978:

(c)

Sport and Recreation New Zealand, as established under the Sport and Recreation New Zealand Act 2002.

(2)

Where a sum is allocated to any of these bodies,—

(a)

the Board must notify the Secretary and that body accordingly; and

(b)

on receipt of the notification, the Secretary must cause the amount allocated to be paid to the body concerned at the intervals that the Board determines.

Section 279(1)(a): amended, on 30 April 2014, by section 27 of the Arts Council of New Zealand Toi Aotearoa Act 2014 (2014 No 1).