Victorian Consolidated Legislation

House Contracts Guarantee Act 1987 - SECT 39

What are the functions and powers of VMIA in relation to the indemnity scheme?

39. What are the functions and powers of VMIA in relation to the indemnity
scheme?







(1) VMIA is responsible for the administration of-

   (a)  the indemnity scheme established under this Part; and

   (b)  the Domestic Building (HIH) Indemnity Fund.



(2) VMIA has any other functions conferred on it under this Part.



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

(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.

(5) No claim under this Part 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 this Part.