Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) Subject to this section, the authority may approve the expenditure of fund money for the provision, in a year, of training identified as warranting financial support from the fund in the training plan that has effect in relation to the year.
(2) The authority must not approve the expenditure of an amount if the total of the commitment in relation to the amount and of all other outstanding commitments for expenditure from the fund would exceed the amount standing to the credit of the fund.
(3) The expenditure of fund money under this section may only be approved for the purpose of approved training to be provided by a registered training organisation.
(4) In this section:
"approved training" means training, or training of a kind, that is declared by regulation to be approved training for this section.
"registered training organisation"—see the Training
and Tertiary Education Act 2003 , dictionary.