96Payments to approved authorities or Occupational Licensing Administration Fund

96 Payments to approved authorities or Occupational Licensing Administration Fund

(1)  The Administrator is to establish a fund to be known as the Occupational Licensing Administration Fund into which there are to be paid –

(a) fees for the grant of licences; and

(b) any money paid by way of a fine for an offence against this Act; and

(c) any other money received by the Administrator in the administration of this Act.

(2)  The Fund is to be managed by the Administrator.

(3)  Any payments made in respect of an infringement notice –

(a) are payable to an approved authority, if the notice was served by the approved authority; or

(b) in any other case, are payable into the Fund.

(4)  There may be paid from the Fund money that is required –

(a) for the payment or discharge of the expenses, charges and obligations incurred or undertaken by the Board in the performance of its functions or the exercise of its powers; and

(b) for the administration of this Act; and

(c) for any other purpose relating to occupational licensing matters.