Section 5
Reserve Fund
of Skills Development Fund Act 2004
ActIn forceProvision 3 of 59
Section 5
(1)
The Corporation may establish and manage a Reserve Fund within the Fund.
(2)
The Corporation may, from time to time, transfer assets into or from the Reserve Fund.
(3)
Notwithstanding subsection (2), the transfer of funds into and out of the Reserve Fund shall be as determined by the Minister.
(4)
The Reserve Fund shall only be used for the purpose of advancing skills training loans and for investment in government bonds and securities.
Skills Development Fund 13