Victorian Numbered Acts

URBAN RENEWAL AUTHORITY VICTORIA AMENDMENT (DEVELOPMENT VICTORIA) ACT 2017 (NO. 10 OF 2017) - SECT 9

    (1)     For section 7(1) of the Principal Act substitute —

    "(1)     The functions of Development Victoria are the following—

        (a)     if requested to do so by the Minister, to carry out or manage or co-ordinate the carrying out of property development and social and economic capital works projects;

        (b)     if requested to do so by the Minister, to purchase, consolidate, take on, transfer or otherwise acquire or dispose of land or interests in land for the purpose of carrying out, or managing or co-ordinating the carrying out of property development and social and economic capital works projects;

        (c)     if requested to do so by the Minister, to carry out property development and social and economic capital works projects in partnership or to enter into arrangements or agreements for the delivery of property development and social and economic capital works projects;

        (d)     if requested to do so by the Minister, to provide advisory services in relation to property development and social and economic capital works projects and activities to government agencies;

        (e)     to develop or manage the development of declared projects;

        (f)     any other functions conferred on Development Victoria by this Act;

        (g)     the functions conferred on Development Victoria by the Docklands Act 1991 ;

        (h)     any functions conferred on Development Victoria by any other Act.

    (1A)     In carrying out, or managing the carrying out of, property development or social and economic capital works projects, Development Victoria must—

        (a)     ensure property development and social and economic capital works projects and activities are carried out in accordance with government policies and strategies, including—

              (i)     urban development policies and strategies; and

              (ii)     policies and strategies relating to housing affordability and housing diversity; and

        (b)     promote best practice in property development and social and economic capital works projects and activities.".

    (2)     In section 7(2) of the Principal Act, for "on a commercial basis" substitute "using commercial disciplines".