This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on the 28th day after the date of their notification in the Gazette, amend the Gambling (Class 4 Net Proceeds) Regulations 2004 (the principal regulations).
The main change is the revocation of the current prohibition in regulation 16(g) of the principal regulations on a net proceeds committee making grants from available net proceeds on a multi-year basis. New regulations 16(2) and 16A provide that a net proceeds committee may make multi-year grants subject to certain conditions relating to—
the maximum duration of the grant; and
the licence holder continuing to hold a licence; and
the licence holder continuing to have available net proceeds; and
the specific authorised purpose for which the grant was made continuing to be lawful; and
each instalment of the grant being re-confirmed by the net proceeds committee before it is paid; and
the grant applicant providing the net proceeds committee with evidence that previous instalments of the grant were spent for its intended purpose; and
the licence holder complying with disclosure requirements about the multi-year grants it makes.
Date of notification in Gazette: 18 August 2011.
These regulations are administered by the Department of Internal Affairs.