114Home Building Administration Fund

114 Home Building Administration Fund

114 Home Building Administration Fund

(1) The Secretary is to cause to be maintained in the accounting records of the Department a Home Building Administration Fund.

(2) The Home Building Administration Fund is to consist of—

(a) that proportion of prescribed fees for the issue of contractor licences, supervision or tradesperson certificates or owner-builder permits as may be determined by the Minister, and

(b) any amount required to be paid into the Fund, and

(c) income from investment of the Fund.

(3) Money in the Fund is to be applied by the Secretary, with the consent of the Minister, for—

(a) meeting the costs of operating the scheme for resolving building disputes, and

(b) meeting the costs of administering this Act and any other Act prescribed by the regulations, and

(c) the making of any investments authorised under Part 6 of the Government Sector Finance Act 2018.

s 114: Am 1990 No 33, Sch 1 (31); 1996 No 24, Sch 1. Rep 1996 No 122, Sch 5 [22]. Ins 2001 No 51, Sch 7 [1]. Am 2009 No 61, Sch 2 [65]; 2014 No 24, Sch 1 [106]; 2017 No 22, Sch 4.24; 2018 No 70, Sch 3.32 [4]; 2022 No 59, Sch 3.36; 2024 No 53, Sch 3.6[1].