The main object of this Act is to make provision in relation to long service leave in the black coal mining industry by:
(a) establishing a Coal Mining Industry (Long Service Leave Funding) Corporation; and
(ab) providing minimum entitlements and rights in respect of long service leave for eligible employees; and
(b) requiring the Corporation to establish and maintain a Coal Mining Industry (Long Service Leave) Fund and to make payments out of the Fund to employers in the industry to reimburse them for payments made in respect of long service leave; and
(c) appropriating money for the purposes of the Fund in respect of the amounts of payroll levy paid by employers under the Coal Mining Industry (Long Service Leave) Payroll Levy Collection Act 1992 .