Money of Board
70 Money of Board
The money of the Board consists of:
amounts of the levy paid to the Board; and
amounts borrowed by the Board; and
proceeds from the Board's investments; and
amounts paid to the Board under reciprocal agreements; and
(e) amounts paid to the Board under an arrangement under section 52; and
any other amounts received by the Board.
(2) The money of the Board can only be applied for the following purposes:
payments of long service benefits;
expenses incurred in administering the Scheme;
borrowings by the Board;
investments by the Board;
payments to reciprocal authorities under reciprocal agreements;
any other payments in relation to the Scheme.
(3) The money of the Board can only be applied with the Board's authority.
This Act’s bill:Second reading speech
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