21Funds of TasTAFE

21 Funds of TasTAFE

(1)  The funds of TasTAFE consist of any money –

(a) received by it by way of fees, levies and charges; and

(b) otherwise received by it in the course of performing its functions and exercising its powers; and

(c) received by it, or the TasTAFE Board, from any other source.

(2)  The funds of TasTAFE are to be applied –

(a) in the payment of the remuneration of the TasTAFE directors, the TasTAFE CEO and the TasTAFE employees; and

(b) in the payment or discharge of the expenses, charges and obligations incurred or undertaken by TasTAFE in the performance and exercise of its functions and powers.