Victorian Consolidated Legislation

Melbourne Market Authority Act 1977 - SECT 20

Limitation on extent to which Authority may enter into contracts

20. Limitation on extent to which Authority may enter into contracts



(1) Before entering into any contract the consideration of which exceeds $250
000, the Authority shall submit to the Minister such particulars as are from
time to time required by the Minister to be submitted to him by the Authority
with respect to such contracts.

(2) A contract made by the Authority the consideration of which exceeds $250
000 shall not have any force or effect unless sanctioned by the Minister.

(3) Nothing in this section applies to or in respect of an agreement under
Part V.