Community Services Industry (Portable Long Service Leave) Act 2020
sec.41Funds
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sec.41 Funds
The funds of the authority consist of the following amounts— levy amounts paid to the authority; amounts borrowed by the authority; proceeds from investments by the authority; other amounts received by the authority. The funds may only be applied in making any of the following payments or investments— long service leave payments; payments for expenses incurred in the administration of this Act including, for example, payments to a corresponding industry authority under an agreement mentioned in section 40 ; payments for borrowings by the authority; investments by the authority; other payments authorised under this Act. (sec.41-ssec.1) The funds of the authority consist of the following amounts— levy amounts paid to the authority; amounts borrowed by the authority; proceeds from investments by the authority; other amounts received by the authority. (sec.41-ssec.2) The funds may only be applied in making any of the following payments or investments— long service leave payments; payments for expenses incurred in the administration of this Act including, for example, payments to a corresponding industry authority under an agreement mentioned in section 40 ; payments for borrowings by the authority; investments by the authority; other payments authorised under this Act.
- (a) levy amounts paid to the authority;
- (b) amounts borrowed by the authority;
- (c) proceeds from investments by the authority;
- (d) other amounts received by the authority.
- (a) long service leave payments;
- (b) payments for expenses incurred in the administration of this Act including, for example, payments to a corresponding industry authority under an agreement mentioned in section 40 ;
- (c) payments for borrowings by the authority;
- (d) investments by the authority;
- (e) other payments authorised under this Act.