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s 17

Building and Construction Industry Training Fund

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17 Building and Construction Industry Training Fund

(1)

The funds available to the Board for the purposes of this Act are —

(a)

all levy imposed under the Building and Construction Industry Training Levy Act 1990; and

(b)

any penalty under section 24; and

(c)

all moneys borrowed by the Board under section 20; and

(d)

any moneys derived from investment by the Board under section 19; and

(e)

any other moneys lawfully received by, made available to, or payable to the Board.

(2)

An account called the Building and Construction Industry Training Fund is to be established —

(a)

as an agency special purpose account under section 16 of the Financial Management Act 2006; or

(b)

with the approval of the Treasurer, at a bank as defined in section 3 of that Act,

to which the moneys referred to in subsection (1) are to be credited.

[Section 17 amended: No. 77 of 2006 Sch. 1 cl. 17(2).]

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