Section 4

the granting of skills training loans to trainees for the payment of fees, educational equipment and aids, and cost of living expenses during the trainees' period of training in an approved skills training programme;

the financing of, or the granting of financial assistance to, trainees in an approved skills training programme other than by way of skills training loan;

exercising the Corporation's additional powers under and in accordance with section 11;

repayments on borrowings and such other outgoings and expenditure as may be permitted by this Act or any regulations made under this Act;

administrative expenses, including the remuneration, retirement benefits, gratuities and other allowances of the officers and servants of the Corporation; and

other expenses incidental to the management of the Fund and the functions of the Corporation including any moneys required to satisfy any judgment, decision, or award by any court or tribunal against the Corporation, or any member of the Board or any committee, or any officer, servant or agent of the Corporation in respect of any act, neglect or default done or committed by him in carrying out the functions of the Corporation.

Reserve Fund