Standards, Productivity and Innovation Board Act · 2002 Revised Edition · Part V · Financial Provisions
16. Funds and property of Board
Feedback & supportThe funds and property of the Board shall consist of —
Board
“Board” means the Standards, Productivity and Innovation Board established under section 3;
any moneys appropriated by Parliament for the purposes of the Board;
all moneys paid to the Board for the purposes of the Board;
all moneys paid to the Board by way of grants, subsidies, donations, gifts, fees, charges, rents, interest, dividends and royalties;
all moneys derived from the sale of any property belonging to or held by or on behalf of the Board;
all moneys derived by the Board from the sale of its publications;
all moneys received by the Board for services rendered by it or by any practice or process developed by it;
process
“process” means any practice, system, procedure or activity in any industry, and includes any process for —(a)the design, manufacture, construction, installation, operation or maintenance of products, instruments, plant or equipment; and(b)the design, administration or operation of any system of quality management or testing;
all moneys, dividends or income received from any transactions made pursuant to the powers conferred on the Board by this Act;
all other moneys and property lawfully received by the Board for the purposes of the Board; and
all accumulations of income derived from any such property or money.