Document ID: chunk:federal_register_of_legislation:F2024C00941:reg:64
Version: federal_register_of_legislation:F2024C00941
Segment Type: reg
Provision Reference: reg 64
Character Range: 84864–85725

64  Obligation to pass on incentives or State or Territory contributions in a timely manner
 (1) This section applies if:
 (a) an approved participant:
 (i) is given an incentive or State or Territory contribution; and
 (ii) is required to pass on all or part of the incentive or contribution to an investor (whether under an arrangement or otherwise); or
 (b) a gaining approved participant is required to give an investor an incentive that has been redirected under Division 3 of Part 6.
 (2) The approved participant or gaining approved participant must comply with the requirement before the earliest of the following:
 (a) if a legal obligation requires the incentive or contribution to be passed on within a particular period (however described)—the end of that period;
 (b) 90 days after the approved participant is given the incentive or contribution.