You must continue to be a wānanga during the Funding Period.

You must:

(a)  include information on your use of the WRC Fund Funding in your annual report in accordance with section 220(2A)(f) of the Education Act, and

(b)  provide your annual report to us when you provide the report to the Minister of Education in accordance with section 220 of the Education Act.

If you receive WRC Fund Funding that is greater than it should have been, or that you were not entitled to receive, you must treat the amount of the over-funding as a debt due to the Crown that:

(a)  is repayable on demand, and

(b)  may be set-off against all or any funding, or any sum of money payable by us to you.

If we suspend, revoke or withdraw some or all of your WRC Fund Funding under section 159YG of the Education Act before some or all of that funding has been used or contractually committed towards the purposes for which the funding was provided, you must treat the unexpended or uncommitted portion of the funding as debt due to the Crown that is:

(a)  repayable on demand, and

(b)  may be set-off against all or any funding, or any sum payable by us to you.