Victorian Consolidated Legislation

La Trobe University Act 1964 - SECT 34

Establishment of students' loan fund

34. Establishment of students' loan fund



(1) The Council may establish a fund to be called the "La Trobe University
Students' Loan Fund" (hereinafter referred to as the students' loan fund).

(2) There shall be paid to the credit of the students' loan fund-



   (a)  an amount of $20 000 which the Treasurer is hereby authorized to pay
        out of the Consolidated Fund which is hereby to the necessary extent
        appropriated accordingly;

   (b)  all moneys received in repayment of loans to students from the said
        fund together with interest on such loans; and

   (c)  all other moneys received by the Council for the purpose of being paid
        into the said fund; and

   (d)  such other moneys of the University as the Council may determine.



(3) Out of the students' loan fund loans may be made to students of the
University who are nominated in that behalf by a committee appointed for the
purpose by the Council.

(3A) Notwithstanding anything in any Act or law any student to whom a loan is
granted may execute all instruments and give all necessary acquittances and
shall be subject to the operation of law in respect of the loan in all
respects as if he were of full age.

(4) The students' loan fund shall be administered in accordance with the
Statutes and regulations of the University.

(5) Any moneys standing to the credit of the students' loan fund and not
immediately required for loans to students may be invested by the Council in
any manner permitted by section 33(3) and the interest arising from any of
those investments is to be paid into and forms part of the fund.