Construction Industry Training Fund Act 1993

The Board must establish and maintain a Fund to be called the

The Board will be responsible for the administration of the

The Fund will consist of—

all levies collected under this Act; and

all penalties collected under this Act; and

any money derived from the investments of the Fund;

any money advanced to the Board for the purposes of this Act;

all other money received by the Board.

There will be paid from the Fund—

all amounts necessary for the implementation of the Training Plan;

all amounts required to be paid to collection agencies under any agreement under this Act; and

the costs of the Board incurred in the administration of this Act;

any amount required for a refund of the levy under

any amount the Board considers appropriate for the purposes of workforce attraction and retention activities; and

all other costs and expenses reasonably incurred by the Board in the performance of its functions.

The Board may invest money that is not immediately required for the purposes of the Fund in such manner as the Treasurer may from time to time approve.