sec.25General Statutory Fund

### sec.25 General Statutory Fund A fund called the General Statutory Fund is established. The fund consists of— the balance of the Builders’ Registration Board General Fund as at the commencement of this section; and any money received or recovered by the commission except in connection with the insurance scheme; and all amounts transferred from the Insurance Fund under section 26 . The following amounts are to be paid from the fund— costs of administering this Act, apart from the costs of administering the statutory insurance scheme; amounts mentioned in subsection (4A) . A regulation may state a single amount that is to be transferred from the fund to the Insurance Fund. The commission must, at times decided by the commission, transfer amounts from the fund to the Insurance Fund in payment of the single amount stated in the regulation made under subsection (4) . The commission may apply any amount surplus to the commission’s budgetary requirements for a particular financial year to encourage or assist education or research related to the building industry. s 25 amd 1996 No. 54 s 9 sch ; 1999 No. 43 s 12 ; 2000 No. 10 s 183 sch 1 ; 2002 No. 51 s 101 sch ; 2003 No. 1 s 7 ; 2013 No. 38 s 14 sch 1 (sec.25-ssec.1) A fund called the General Statutory Fund is established. (sec.25-ssec.2) The fund consists of— the balance of the Builders’ Registration Board General Fund as at the commencement of this section; and any money received or recovered by the commission except in connection with the insurance scheme; and all amounts transferred from the Insurance Fund under section 26 . (sec.25-ssec.3) The following amounts are to be paid from the fund— costs of administering this Act, apart from the costs of administering the statutory insurance scheme; amounts mentioned in subsection (4A) . (sec.25-ssec.4) A regulation may state a single amount that is to be transferred from the fund to the Insurance Fund. (sec.25-ssec.4A) The commission must, at times decided by the commission, transfer amounts from the fund to the Insurance Fund in payment of the single amount stated in the regulation made under subsection (4) . (sec.25-ssec.5) The commission may apply any amount surplus to the commission’s budgetary requirements for a particular financial year to encourage or assist education or research related to the building industry. - (a) the balance of the Builders’ Registration Board General Fund as at the commencement of this section; and - (b) any money received or recovered by the commission except in connection with the insurance scheme; and - (c) all amounts transferred from the Insurance Fund under section 26 . - (a) costs of administering this Act, apart from the costs of administering the statutory insurance scheme; - (b) amounts mentioned in subsection (4A) .