Section 45
Meanings of “incentive”, “grant” and “loan” from Agency
of Skills and Workforce Development Agency Act 2026 (No. 17 of 2026)
ActIn forceProvision 45 of 83
Section 45
In this Part, an incentive, a grant or a loan from the Agency means —
(a)
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;
(b)
an incentive, a grant or a loan given by the Agency out of moneys not in the Skills Development Fund; or
(c)
an incentive, a grant or a loan given by the Agency out of a combination of moneys mentioned in paragraphs (a) and (b).