Victorian Consolidated Legislation

Australian Grands Prix Act 1994 - SECT 41

Corporation to make payment to committee of management

41. Corporation to make payment to committee of management



(1) The Corporation must, in respect of each race period in respect of a year,
pay to the committee of management such amount, not exceeding $100 000, as is
agreed between the Corporation and the committee or, failing agreement, as is
jointly determined by the Minister administering the
Crown Land (Reserves) Act 1978 and the Minister administering this Act.

(2) Each payment under subsection (1) must be made within 14 days after the
end of the race period in respect of the relevant year.

(3) In this section committee of management does not include the State Sport
Centres Trust.