The Minister may from time to time, on the recommendation of the Council, establish by notice in the Gazette an industrial training board for such industry or associated group of industries as the Council recommends.

For the purposes of this Act, each board shall be a body corporate with perpetual succession and a common seal, and may hold and dispose of real and personal property, and sue and be sued, and do and suffer all such acts and things as bodies corporate generally may do and suffer.

The Council shall delegate to a board such of its functions, powers, and duties in relation to the industry or associated group of industries for which the board was established as the Council may delegate to an advisory committee under section 15 of this Act; and in relation to those functions, powers, and duties delegated to any board the provisions of section 15 of this Act shall apply in every way as if the board were an advisory committee appointed by the Council.

For the purposes of providing funds to enable a board to exercise its functions, the Council may from time to time pay to the Board out of money appropriated by Parliament for the purpose such sums as the Council thinks fit.

Each board shall keep full and correct accounts of all money received, and all money spent by it; and, as soon as practicable after each year ending with the 31st day of March, each board shall cause the accounts of the board for that year to be balanced, and shall prepare a balance sheet as at the end of the year together with an account of income and expenditure showing the financial transactions for the year, which it shall submit to the Audit Office.

The Minister may, on the recommendation of the Council, by notice in the Gazette disestablish any board.

In the event of any board being disestablished, all the property, rights, and liabilities of the board shall vest without conveyance or assignment in and become the property, rights, and liabilities of the Council.”