New Zealand Legislation: Regulations

16 Other requirements in respect of net proceeds committees that mainly distribute net proceeds to community

• A licence holder to which this Part applies must ensure that a net proceeds committee—

  • (a) provides a grant applicant with reasons for the committee’s decision if a grant application is declined; and

  • (b) does not approve a grant application unless it is made on a grant application form that includes the information required by regulation 17; and

  • (c) does not approve a grant application unless it is supported by a competitive quote or other evidence that the sum of money sought by the applicant is appropriate; and

  • (d) does not make a grant if the committee has information indicating that the grant applicant has received funding from another source for the same specific purpose; and

  • (e) does not make a grant to reimburse money already spent by a grant applicant; and

  • (f) pays grant money direct to a grant applicant; and

  • (g) makes a grant from available net proceeds and not on the understanding that grants will be approved in respect of net proceeds that will be available in the future; and

  • (h) makes a grant on the condition that the grant money is used only for the specific purpose for which the application was made; and

  • (i) pays grant money by—

    • (i) a cheque made out in the name of the grant applicant and crossed “Account payee only” or “Not transferable”; or

    • (ii) a fully auditable direct bank payment.