Victorian Consolidated Legislation

Emerald Tourist Railway Act 1977 - SECT 39

Contracts of Board

39. Contracts of Board



(1) The Board by its corporate name may enter into contracts with any persons
for the execution of any work authorized by or under this Act to be done by
the Board or which the Board thinks proper to do or to direct to be done under
or by virtue of the powers conferred upon it by this Act or for any other
matters and things whatsoever necessary for enabling the Board to carry the
purposes of this Act into full and complete effect in such manner and upon
such terms and for such sum of money and subject to such conditions,
limitations, and restrictions as the Board thinks fit.

(2) Every such contract shall be in writing and shall specify the works to be
done, the materials to be furnished, the prices to be paid, the times within
which the works are to be completed or materials furnished, and the penalties
to be suffered in case of non-performance thereof.

(3) Any such contract may also specify the person to whose satisfaction the
work is to be completed or materials furnished and the mode of determining any
dispute which arises concerning or in consequence of the contract.

(4) A contract made by the Board the consideration for which exceeds $200 000
is of no force or effect unless approved by the Minister.