Victorian Consolidated Legislation

House Contracts Guarantee Act 1987 - SECT 17D

Payments out of the Housing Guarantee Claims Fund

17D. Payments out of the Housing Guarantee Claims Fund



(1) There may be paid out of the Housing Guarantee Claims Fund at the
direction of VMIA-

   (a)  any amount payable on a claim on a guarantee given under this Act; and

   (b)  any amount payable in respect of any liability that becomes a
        liability of the State under section 58; and

   (c)  any amount paid by the State in respect of any liability that becomes
        a liability of the State under section 58; and

   (d)  the costs and expenses incurred in the administration of the Fund and
        any claim on a guarantee given under this Act; and

   (e)  any amount determined by the Auditor-General to defray the reasonable
        costs and expenses of an audit of the accounts of the Fund; and

   (f)  with the consent of the Minister, any amount required to meet the
        costs and expenses of and any liabilities arising on the winding up of
        HGFL; and

   (g)  any other amount authorised by or under this or any other Act to be
        paid out of the Fund.

(2) All amounts paid out of the Fund under subsection (1)(c) or (1)(e) must be
paid into the Consolidated Fund.

(3) All money and other property in the Fund is an asset of the State.