Prevention of Fraud (Investments) Act

22. Application of Fund

Edition: 2023-12-11 · Not commenced

All moneys from time to time forming part of the Fund, and all investments of the Fund, shall be applicable as follows—

(a)for the payment of all costs, charges and expenses of establishing, maintaining, administering and applying the Fund;

(b)for the payment of any grant made in pursuance of section 23 of this Act;

(c)for the payment of all costs, charges and expenses incurred by the Authority in investigating any request for such a grant;

(d)for the payment of any other sums properly payable out of the Fund for the purposes of this Part or of any rules made thereunder.