Long Service Corporation Act 2010

The Corporation is to maintain, administer and control a fund called the Building and Construction Industry Long Service Payments Fund.

There is to be paid into the Fund—

the long service levies paid under the Building and Construction Industry Long Service Payments Act 1986, and

any money borrowed by the Corporation for the purposes of the Building and Construction Industry Long Service Payments Act 1986, and

the proceeds of any investment of the Fund, and

any other amounts received by the Corporation in the course of its administration of the Building and Construction Industry Long Service Payments Act 1986.

There is to be paid from the Fund—

the long service payments provided for by the Building and Construction Industry Long Service Payments Act 1986, and

the expenses incurred in the administration of this Act and the Building and Construction Industry Long Service Payments Act 1986 and the management of the Fund, and

any other payments authorised by the Building and Construction Industry Long Service Payments Act 1986 to be made from the Fund.