CONSTRUCTION INDUSTRY LONG SERVICE LEAVE ACT 1987 - SECT 20

CONSTRUCTION INDUSTRY LONG SERVICE LEAVE ACT 1987 - SECT 20

20—The Construction Industry Fund

        (1)         The Construction Industry Fund and the Electrical and Metal Trades Fund are combined and continue in existence as the Construction Industry Fund .

        (2)         The Construction Industry Fund will be administered by the Board.

        (3)         The Construction Industry Fund will consist of—

            (a)         money standing to the credit of the Construction Industry Fund and the Electrical and Metal Trades Fund immediately before the commencement of this section; and

            (b)         levies received by the Board from employers; and

            (c)         income and accretions produced by the investment of money from the Fund; and

            (d)         money advanced to the Board for the purposes of the Fund; and

            (e)         penalties and fines recovered by the Board under this Act; and

            (f)         other money payable to the Fund under this Act.

        (4)         There will be paid from the Construction Industry Fund—

            (a)         any long service leave benefits that the Board is liable to pay under this Act; and

            (b)         the costs incurred by the Board in performing its functions under this Act; and

            (c)         other money authorised to be paid from the Fund under this Act.