Payment of the levy is the responsibility of the "project owner". It is based on an estimated 0.2% of the value of construction work costing more than $20000.

It was introduced as the Building and Construction Industry Training Act 1990. This Act contributes to the growth and stability of the industry and has a wide-reaching benefit to all Tasmanians.

All the money collected through the levy goes into the fund to supplement necessary training in building and construction. The board then decides how to distribute the money in a way that best benefits and supports the industry.