Victorian Consolidated Legislation

Domestic Building Contracts Act 1995 - SECT 124

Domestic Builders Fund

124. Domestic Builders Fund



(1) The Director must establish a fund to be called the Domestic Builders
Fund.

(2) There must be paid into the Fund-

   (a)  all fees received or recovered by or on behalf of the Tribunal in
        respect of proceedings under this Act; and

   (b)  all fines and penalties recovered under this Act; and

   (c)  all money paid out of the domestic building account in the Building
        Administration Fund under section 200(7)(ba) of the Building Act 1993;
        and

   (ca) all money paid to the Fund out of the domestic building dispute
        account in the Building Administration Fund under section 200(7E) of
        the Building Act 1993; and

   (d)  money appropriated by Parliament for the purposes of the Fund; and

   (da) money ordered by the Tribunal to be paid into the Fund; and



   (e)  all other money authorised to be paid to the Fund by any body or
        person; and

   (f)  income from the investment of the Fund.









(3) There may be paid out of the Fund-

   (a)  the costs and expenses incurred in the administration and enforcement
        of this Act and the regulations; and

   (b)  the costs and expenses of the Tribunal in respect of proceedings under
        this Act; and



   (ba) money ordered by the Tribunal to be paid out of the Fund; and



   (c)  the costs and expenses incurred by the Director in carrying out his or
        her functions under this Act; and

   (d)  amounts determined by the Director for the purpose of providing
        education programs and advice to building owners and builders in
        relation to the carrying out of domestic building work and the
        operation of this Act.

(4) The Director may invest any part of the Fund not immediately required for
the purposes of the Fund in any manner approved by the Treasurer.