Victorian Numbered Acts

VICTORIAN FUNDS MANAGEMENT CORPORATION AMENDMENT ACT 2016 (NO. 56 OF 2016) - SECT 12

    (1)     For section 35(1) of the Victorian Funds Management Corporation Act 1994 substitute —

    "(1)     The Corporation has the powers conferred on it by the Borrowing and Investment Powers Act 1987 .

    (1A)     Without limiting subsection (1), the Corporation—

        (a)     may acquire real or personal property for use by the Corporation; and

        (b)     may sell, mortgage or grant a lease of property held by the Corporation; and

        (c)     may, subject to and in accordance with the powers conferred on it by the Borrowing and Investment Powers Act 1987 —

              (i)     obtain financial accommodation for the Corporation; and

              (ii)     invest money of the Corporation.".

    (2)     Section 35(4) of the Victorian Funds Management Corporation Act 1994 is repealed .