Schedule 2, s 13A

Funds of TAFE institutes and AMES Australia

In force

(1)

A TAFE institute must maintain any fund taken to be established in the name of the institute under section 6.1.32(3)(b).

Sch. 2 cl. 13A(2) amended by No. 32/2022 s. 55(6).

(2)

AMES Australia must maintain any fund taken to be established in the name of AMES Australia under section 6.1.33(3)(b).

Sch. 2 cl. 13A(3) amended by No. 32/2022 s. 55(7)(a).

(3)

There must be paid into a fund maintained by a TAFE institute or AMES Australia under this clause—

Sch. 2 cl. 13A(3)(a) amended by No. 32/2022 s. 55(7)(b).

(a)

any investment income received by the institute or AMES Australia; and

Sch. 2 cl. 13A(3)(b) amended by No. 32/2022 s. 55(7)(b).

(b)

the proceeds of the sale of any investment made by the institute or AMES Australia; and

Sch. 2 cl. 13A(3)(c) amended by No. 32/2022 s. 55(7)(b).

(c)

any fees or other money received by the institute or AMES Australia.

Sch. 2 cl. 13A(4) amended by No. 32/2022 s. 55(7).

(4)

There must be paid out of the fund maintained by a TAFE institute or AMES Australia under this clause any payment that is authorised by the institute or AMES Australia to be made out of the fund for or towards the costs and expenses of the exercise of powers or performance of functions by the institute or AMES Australia.

This Act’s bill:Explanatory memorandum Second reading speech

Research tools for this sectionSubscription

Cited by Analyse Interrogate History Equivalents

The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.