CONSTRUCTION INDUSTRY LONG SERVICE LEAVE ACT 1987 - SECT 24
CONSTRUCTION INDUSTRY LONG SERVICE LEAVE ACT 1987 - SECT 24
24—Investigation of the Fund
(1) An investigation
into the state and sufficiency of the Fund must be carried out on a yearly
basis.
(2) An investigation
under this section will be carried out by an actuary appointed for the purpose
by the Board.
(3) The actuary
carrying out an investigation under this section will report to the Board on
the result of the investigation and must state whether any reduction or
increase is necessary in the rates of contribution to the Fund.
(4) The Board must, on
receipt of a report under subsection (3)—
(a)
supply a copy of the report to the Minister; and
(b)
include with the report an indication as to whether the Board intends to vary,
or leave unaltered, the rates of contribution to the Fund required under
section 26.
(5) The Minister must,
within six sitting days after receipt of a report supplied under
subsection (4), cause a copy of the report to be laid before both Houses
of Parliament.