If a net proceeds committee commits to making a multi-year grant, the licence holder must ensure that—
(a) the commitment does not exceed 4 years; and
(b) the grant applicant is made aware, on or before the time that the first instalment of the grant is paid, that payment of any future instalments of the grant is conditional on—
(i) the licence holder continuing to hold a licence; and
(ii) the licence holder continuing to have available net proceeds; and
(iii) the specific authorised purpose for which the grant was made continuing to be lawful; and
(c) each instalment of the grant is re-confirmed by the net proceeds committee before payment; and
(d) the grant applicant provides the net proceeds committee with documentary evidence that previous instalments of the grant were spent for its intended purpose; and
(e) it discloses the existence of multi-year grants it has entered into—
(i) in its current annual report required to be provided to the Secretary under section 107 of the Act; and
(ii) with the information required to be published under section 110(2) to (4) of the Act.
Regulation 16A: inserted, on 15 September 2011, by regulation 7 of the Gambling (Class 4 Net Proceeds) Amendment Regulations 2011 (SR 2011/277).