Section 45 — Meanings of “incentive”, “grant” and “loan” from Agency

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).