Document ID: chunk:federal_register_of_legislation:F2024C00941:reg:66
Version: federal_register_of_legislation:F2024C00941
Segment Type: reg
Provision Reference: reg 66
Character Range: 86632–87661

66  Incentives or State or Territory contributions not to be withheld or refused if bond not paid
 (1) This section applies if:
 (a) an approved participant is required to pass on all or part of an incentive or State or Territory contribution to an investor under an arrangement; and
 (b) the arrangement concerned is expressed to be subject to a term that the investor or another person must pay to the approved participant a monetary bond (however described) if the investor does not use a service other than a service provided by the approved participant or another person specified by the approved participant; and
 (c) the investor uses another service and the bond is not paid to the approved participant.
 (2) The approved participant:
 (a) must comply with the requirement to pass on the incentive or contribution as if the term were not included in the arrangement; and
 (b) must not terminate the arrangement only because the investor uses the alternative service and the bond is not paid to the approved participant.