Difference between revisions of "National Lottery Distribution Fund"
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(Created page with "The National Lottery Distribution Trust Fund (NLDTF) is Established in terms of the Lotteries Act, which designates members of the Board as trustees of the NLDTF, it is...") |
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| − | The [[National Lottery Distribution Trust Fund]] (NLDTF) is | + | The [[National Lottery Distribution Trust Fund]] ([[NLDTF]]) was stablished in terms of the [[Lotteries Act]], which designates members of the Board as trustees of the [[NLDTF]], it is intended to safeguard, invest and ensure the best use of the funds to the benefit of good causes. |
| − | + | A percentage of [[National Lottery]] revenue is transferred to the [[NLDTF]] each week, for distribution to various public sectors, including the Sport and Recreation Sector, the Arts, Culture and National Heritage Sector and a category for Miscellaneous Purposes. | |
| − | + | The financial year of the [[NLC]] and the [[NLDTF]] runs from 1 April to 31 March and funds accumulated during a particular financial year are available for distribution in the following year. | |
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| − | The financial year of the NLC and the NLDTF runs from 1 April to 31 March and funds accumulated during a particular financial year are available for distribution in the following year. | ||
Revision as of 16:49, 30 October 2024
The National Lottery Distribution Trust Fund (NLDTF) was stablished in terms of the Lotteries Act, which designates members of the Board as trustees of the NLDTF, it is intended to safeguard, invest and ensure the best use of the funds to the benefit of good causes.
A percentage of National Lottery revenue is transferred to the NLDTF each week, for distribution to various public sectors, including the Sport and Recreation Sector, the Arts, Culture and National Heritage Sector and a category for Miscellaneous Purposes.
The financial year of the NLC and the NLDTF runs from 1 April to 31 March and funds accumulated during a particular financial year are available for distribution in the following year.
