Coal Mining Industry (Long Service Leave) Administration Act 1992

Here is the summary in 150-200 words:

The Coal Mining Industry (Long Service Leave) Administration Act 1992 aims to provide provisions for long service leave in the black coal mining industry. The Act establishes a Corporation to manage and administer the Fund, which will cover payroll levies and payments made by employers for long service leave. The Board of Directors is responsible for managing the affairs of the Corporation and administering the Fund.

The Corporation has various functions, including establishing and maintaining the Fund, making payments into and out of the Fund, advising the Minister on rates of payroll levy, monitoring payments of the payroll levy, and keeping records related to employment, qualifying service, and employers. The Board consists of six Directors appointed by the Minister, representing different industries and organizations.

The Act also deals with matters such as waiver agreements, payment for long service leave, entitlements and rights in respect of long service leave, and remedies relating to long service leave. The Fund is maintained by the Corporation under section 40, and payments out of the Fund are made into and from the Fund in accordance with this Act and the Payroll Levy Collection Act.