Clause 12
Purposes of Fund
of Education Service Incentive Payment Bill
BillNot in forceProvision 12 of 18
Clause 12
The moneys in the Fund shall only be withdrawn and applied to meet any one or more of the following purposes:
(a)
the payment of any award under the CONNECT Plan;
(b)
all expenses incidental to or arising from the administration, investment and management of the Fund, including the cost of auditing the accounts of the Fund; and
(c)
such other purposes related to aided schools or Government schools as may be prescribed by the Minister by notification in the Gazette.