Victorian Current Acts

LONG SERVICE BENEFITS PORTABILITY ACT 2018 - SECT 53

    (1)     The Authority must establish and keep a separate fund in relation to each covered industry.

    (2)     The funds must be kept and applied in such a way that enables the money of the Authority that relates to each covered industry to be separately identified.

    (3)     However, the Authority may establish a common fund—

        (a)     to pay the expenses of the Authority that relate to more than one covered industry; or

        (b)     to invest the money of the Authority in an investment for more than one covered industry.