Clause 7
Repeal and re-enactment of section 11
of Skills Development Levy (Amendment) Bill
BillNot in forceProvision 7 of 18
Clause 7
Section 11 of the principal Act is repealed and the following section substituted therefor:“Investment
11. The Board may invest the moneys belonging to the Fund and available for investment in accordance with the provisions of the Trustees Act [Cap. 337] as to the investment of trust funds or, with the approval of the Minister, in any other manner.”.