124Domestic 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— S. 124(2)(a) amended by Nos 52/1998 s. 41(a), 15/2016 s. 10(1). (a) all fees received or recovered by or on behalf of VCAT in respect of proceedings under this Act; and (b) all fines and penalties recovered under this Act; and S. 124(2)(c) amended by No. 34/2013 s. 35(Sch. 2 item 2.8(a)). (c) all money paid out of the domestic building account in the Building account of the Victorian Building Authority Fund under section 205B(1)(d) of the **Building Act 1993**; and S. 124(2)(ca) inserted by No. 36/2002 s. 8, amended by No. 34/2013 s. 35(Sch. 2 item 2.8(b)). (ca) all money paid to the Fund out of the domestic building dispute account in the Building account of the Victorian Building Authority Fund under section 205B(5) of the **Building Act 1993**; and (d) money appropriated by Parliament for the purposes of the Fund; and S. 124(2)(da) inserted by No. 101/1998 s. 7(a), amended by No. 15/2016 s. 10(1). (da) money ordered by VCAT 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 S. 124(3)(b) substituted by No. 52/1998 s. 41(b), amended by No. 15/2016 s. 10(1). (b) the costs and expenses of VCAT in respect of proceedings under this Act; and S. 124(3)(ba) inserted by No. 101/1998 s. 7(b), amended by No. 15/2016 s. 10(1). (ba) money ordered by VCAT 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 S. 124(3)(ca) inserted by No. 15/2016 s. 72. (ca) amounts determined by the Director for the purpose of providing advocacy services in relation to domestic building contracts and domestic building disputes; and S. 124(3)(cb) inserted by No. 17/2025 s. 105. (cb) the costs and expenses incurred by the Authority— (i) in its administration and enforcement of Part 4; and (ii) in the performance of its functions under section 197(ba) of the **Building Act 1993**; and (iii) in employing the chief dispute resolution officer, assessors or conciliation officers under the **Building Act 1993**; 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. S. 124A inserted by No. 17/1999 s. 31, amended by Nos 103/2004 s. 81(1) (ILA s. 39B(1)), 17/2007 s. 36(Sch. item 3), 2/2008 s. 60(Sch. item 3), 72/2010 s. 48(Sch. item 7), substituted by No. 21/2012 s. 239(Sch. 6 item 14.2).