429 Conditions on funding received under section 428

(1)

It is a condition of receiving funding under section 428 that the recipient supply TEC or the Ministry, as required by TEC or the Ministry, and in a form specified by TEC or the Ministry, any financial, statistical, or other information that TEC or the Ministry requires the organisation to supply.

(2)

TEC may impose conditions on funding received by an organisation under section 428, 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)

TEC may 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.

Compare: 1989 No 80 s 159ZD