(a) to hold the Fund upon trust and to manage and administer the Fund in accordance with this Ordinance;
(b) to receive for the benefit of the Fund any sum paid to the Board pursuant to section 7 of the Employees' Compensation Insurance Levies Ordinance (Cap 411) and any sum paid to the Board under section 7(1);
(c) to process and determine applications by persons applying for compensation, direct payment of expenses or reimbursement of expenses; (Amended 16 of 2003 s. 4; 6 of 2010 s. 4)
(d) to advise the Employees' Compensation Insurance Levies Management Board with respect to the amounts of known and anticipated claims against the Fund; (Amended 5 of 1998 s. 3)
(da) to conduct or finance educational and publicity programmes for the purpose of preventing noise-induced deafness by reason of employment; (Added 5 of 1998 s. 3. Amended 16 of 2003 s. 4)
(db) to conduct or finance programmes for the rehabilitation of persons suffering, or who have suffered, from noise-induced deafness by reason of employment; and (Added 16 of 2003 s. 4. Amended 6 of 2010 s. 4)
(e) such other functions as are assigned to it under this Ordinance.
(2) The Board may-
(a) hold, acquire, sell, lease or otherwise dispose of all kinds of property;
(b) enter into, assign or accept the assignment of, and vary any contract or obligation;
(c) meet expenditure on any item shown in the estimates of expenditure of the Board approved under section 8 of Schedule 1;
(d) subject to subsection (3), borrow or otherwise raise money on such security as may be necessary and, for that purpose, charge all or any of the property of the Board;
(e) charge fees for the use of any facility or service provided by the Board; and (Amended 5 of 1998 s. 3)
(f) (Repealed 5 of 1998 s. 3)
(g) do such other things as are necessary for, or incidental or conducive to, the better carrying out of its functions.
(3) Except with the prior approval of the Financial Secretary, the Board shall not allow the aggregate sum borrowed or otherwise raised under subsection (2)(d) at any time to exceed 10% of the total estimated expenditure approved under section 8 of Schedule 1 for the current financial year.