Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) Subject to this section, the Board may approve the expenditure of fund moneys for the provision, in a calendar year, of training identified as warranting financial support from the fund in the training plan that has effect in respect of that year.
(2) The Board shall not approve the expenditure of an amount if the total of the commitment in relation to that amount and of all other outstanding commitments for expenditure from the fund would exceed the amount standing to the credit of the fund.
(3) The expenditure of fund moneys under this section shall only be approved for the purpose of approved training to be provided by a registered provider.
(4) In this section—