Victorian Numbered Acts

URBAN RENEWAL AUTHORITY VICTORIA AMENDMENT (DEVELOPMENT VICTORIA) ACT 2017 (NO. 10 OF 2017) - SECT 17

After section 40 of the Principal Act insert —

        " 40A     Portion of net proceeds of sale of granted land payable into General Fund

        Despite section 40(2) and (3), the Governor in Council, on the recommendation of the Minster, the Treasurer and the Minister administering section 12 of the Land Act 1958 , may authorise Development Victoria to pay into the Project Fund an amount determined by the Governor in Council, being a portion of the net proceeds of the sale of any land granted to Development Victoria under section 40(1).".