Australian Capital Territory Numbered Acts

BUILDING AND CONSTRUCTION INDUSTRY TRAINING LEVY ACT 1999 (NO. 30 OF 1999) - SECT 23

(1)     The Board shall establish and maintain a fund.

(2)     The fund shall consist of—

        (a)     moneys received by the Board as payments of provisional or training levy; and

        (b)     interest generated by moneys standing to the credit of the fund.

(3)     The moneys of the fund—

        (a)     are the property of the Board;

        (b)     shall be kept separate from all other property of the Board; and

        (c)     shall be expended only in accordance with this Act.

(4)     The Board shall administer the fund in such manner as the Minister approves in writing.