115Establishment of Labour Hire Licensing Authority Account

115 Establishment of Labour Hire Licensing Authority Account

(1) There is established in the Public Account as part of the Trust Fund under the Financial Management Act 1994 an account to be known as the Labour Hire Licensing Authority Account.

(2) There must be paid into the Labour Hire Licensing Authority Account the following—

(a) all fees paid to, or recovered by or on behalf of, the Authority under this Act;

(b) any proceeds from the investments of the Account;

(c) other amounts received by the Authority.

(3) The Authority may pay out of the Labour Hire Licensing Authority Account the following—

(a) any amounts required to enable the Authority to perform its functions or duties or exercise its powers under this Act;

(b) the costs and expenses incurred by the Authority in administering this Act;

(c) any refund, in whole or in part, of fees paid under this Act.

(4) Money standing to the credit of the Labour Hire Licensing Authority Account may be invested in any manner in which trust funds may be invested under the Trustee Act 1958.