Victorian Consolidated Legislation

House Contracts Guarantee Act 1987 - SECT 11B

VMIA to be responsible for the Housing Guarantee Claims Fund and claims

11B. VMIA to be responsible for the Housing Guarantee Claims Fund and claims



(1) VMIA is responsible on and after the appointed day for the administration
of-

   (a)  claims on guarantees given by HGFL or the State under this Act; and

   (b)  the Housing Guarantee Claims Fund.

(2) VMIA has any other functions conferred on it under this Part, Part 2A,
Part 4 and Part 7.

(3) Without limiting its other powers, VMIA has any powers necessary to carry
out its functions under this Part, Part 2A, Part 4 and Part 7.

(4) VMIA acts on behalf of the State in carrying out its functions and
exercising its powers under or for the purposes of this Part, Part 2A, Part 4
and Part 7.

(5) No claim on a guarantee given by HGFL or the State under this Act can be
made on the assets of VMIA and the assets of VMIA are not available for the
payment of any amount of claim, costs or expenses under such a guarantee.