Victorian Consolidated Legislation

Tobacco Act 1987 - SECT 33

Budget

33. Budget



(1) The Foundation must, before 1 June in each year, submit to the Minister
for the Minister's approval a budget for the next financial year of money to
be paid into the Fund and money to be paid out of the Fund.

(2) The budget must be in a form required by the Minister.

(2A) The amounts included in the budget for a financial year to be paid out of
the Fund to sporting bodies and to bodies for the purpose of health promotion
must each be not less than 30% of the total money budgeted to be paid into the
Fund out of the Consolidated Fund in that year.

(3) The Minister may, after consultation with the Treasurer and the Minister
administering the Sport and Recreation Act 1972, approve a budget as submitted
to the Minister, or approve it with such alterations as the Minister
determines.

(4) The Minister may, if requested to do so by the Foundation, at any time,
approve alterations to the budget.



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