South Australian Current Acts

CONSTRUCTION INDUSTRY TRAINING FUND ACT 1993 - SECT 31

31—Construction Industry Training Fund

        (1)         The Board must establish and maintain a Fund to be called the Construction Industry Training Fund .

        (2)         The Board will be responsible for the administration of the Fund.

        (3)         The Fund will consist of—

            (a)         all levies collected under this Act; and

            (b)         all penalties collected under this Act; and

            (c)         any money derived from the investments of the Fund; and

            (d)         any money advanced to the Board for the purposes of this Act; and

            (e)         all other money received by the Board.

        (4)         There will be paid from the Fund—

            (a)         all amounts necessary for the implementation of the Training Plan; and

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

            (c)         the costs of the Board incurred in the administration of this Act; and

            (d)         any amount required for a refund of the levy under Part 4; and

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

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

        (5)         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.