s 5 Establishment of Fund
5.—(1) On 1 October 1979, a Fund called the Skills Development Fund is established. (2) The Fund consists of —(a) the proceeds of the skills development levy collected under this Act; (b) all penalties and costs recovered from proceedings under this Act;[Act 4 of 2023 wef 15/06/2023] (ba) all moneys recovered by the Agency pursuant to an order of a court under section 57D or 58 of the SkillsFuture Singapore Agency Act 2016 (as in force immediately before the date of commencement of section 73 of the Skills and Workforce Development Agency Act 2026) or section 51 or 58 of the Skills and Workforce Development Agency Act 2026, that relate to the whole or the proportion of an incentive, a grant or a loan out of moneys in the Fund;[Act 4 of 2023 wef 15/06/2023] [Act 17 of 2026 wef 01/07/2026] (c) all moneys contributed by the Government to the Fund under section 6, all contributions to the SkillsFuture Jubilee Fund established by the Government, and such other contributions to the Fund as the Minister may specify from moneys provided by Parliament;[Act 4 of 2023 wef 15/06/2023] (d) all donations and gifts accepted by the Agency for the Fund; (e) all honorariums and other payments accepted by the Agency for any services rendered by the Agency in connection with the performance of its functions under this Act; and (f) any interest, dividends and other income derived from the investment of moneys in the Fund. [24/2016]