Financial Requirements

Producers may be asked to satisfy NZ On Air that their business is solvent at the time of contracting, and likely to remain so.

NZ On Air may wish to be satisfied that producers are maintaining adequate accounting and financial management systems.

Programme funding will usually not cover the cost of capital purchases unless the cost-benefit of making such a purchase justifies it, but an allowance for equipment rental is acceptable.

Producers are required to report on both actual expenditure and expenditure committed but not yet paid out in production reports filed with NZ On Air.