Victorian Consolidated Legislation

Credit (Administration) Act 1984 - SECT 86AA

PART 5A CONSUMER CREDIT FUND

The Fund

86AA. The Fund





(1) There shall be kept in the Trust Fund under the
Financial Management Act 1994, a trust account to be known as the Consumer
Credit Fund.

(2) There shall be paid into the Fund-

   (a)  amounts paid under section 86A of the Credit Act 1984;

   (b)  amounts required under section 30 or 38 of the
        Consumer Credit (Victoria) Act 1995 to be paid into the Fund;

   (c)  money that a credit provider has agreed or undertaken to pay to a fund
        with objects similar to those of the Fund;

   (d)  money appropriated by the Parliament for the purposes of the Fund;

   (e)  interest received on the investment of money in the Fund.

(3) There shall be paid out of the Fund-

   (a)  such amounts as the Minister determines from time to time to be
        applied as grants under section 86AB; and





   (b)  such amounts as the Minister determines from time to time to be paid
        in respect of-

   (i)  the remuneration of the members of the Advisory Committee established
        under section 86AC; and

   (ii) the reasonable costs and expenses of that Committee in performing its
        functions under this Part.

(4) The Treasurer may invest money in the Fund in such manner as the Treasurer
determines.