Skills and Workforce Development Agency Act 2026 · Updated to 1 Jul 2026 · Part 7 · Administration and Enforcement
45. Meanings of “incentive”, “grant” and “loan” from Agency
Feedback & supportIn this Part, an incentive, a grant or a loan from the Agency means —
grant
“grant” includes a grant by way of reimbursement under a reimbursement arrangement;
an incentive, a grant or a loan given by the Agency out of moneys in the Skills Development Fund in accordance with section 7 of the Skills Development Levy Act 1979;
Agency
“Agency” means the Skills and Workforce Development Agency established by section 3;
an incentive, a grant or a loan given by the Agency out of moneys not in the Skills Development Fund; or
Skills Development Fund
“Skills Development Fund” means the Skills Development Fund established under section 5 of the Skills Development Levy Act 1979;
an incentive, a grant or a loan given by the Agency out of a combination of moneys mentioned in paragraphs (a) and (b).