Queensland Consolidated Acts Queensland Consolidated Acts(1) A fund called the General Statutory Fund is established.
(2) The fund consists of--
(a) the balance of the Builders' Registration Board General Fund as at the commencement of this section; and
(b) any money received or recovered by the authority except in connection with the insurance scheme; and
(c) all amounts transferred from the Insurance Fund under section 26.
(3) The following amounts are to be paid from the fund--
(a) costs of administering this Act, apart from the costs of administering the statutory insurance scheme;
(b) amounts mentioned in subsection (4A).
(4) A regulation may state a single amount that is to be transferred from the fund to the Insurance Fund.
(4A) The authority must, at times decided by the authority, transfer amounts from the fund to the Insurance Fund in payment of the single amount stated in the regulation made under subsection (4).
(5) The authority may apply any amount surplus to the authority's budgetary requirements for a particular financial year to encourage or assist education or research related to the building industry.