Clause 6

On the commencement of this Act, there shall be established a Fund to be called the Skills Development Fund which shall be under the control and management of the Minister.

The proceeds of the skills development levy collected under this Act, together with penalties recovered for late payment, shall be credited to the Fund.

For the purpose of reimbursing the Comptroller for the expenses incurred by him in the collection and recovery of the levy, the Minister may authorise the Comptroller to be paid such percentage, not exceeding two per cent, of the levy collected as may be determined by the Minister.