Victorian Consolidated Legislation

State Owned Enterprises Act 1992 - SECT 10

Determination of initial capital

10. Determination of initial capital



(1) The Treasurer, after a statutory corporation is declared to be a
reorganising body and after consultation with the board, may determine the
amount of initial capital of the reorganising body for the purposes of this
Act.

(2) In making the determination, the Treasurer shall have regard to any
relevant advice that the board has given to the Treasurer.

(3) The determination shall be made in writing.

(4) The value of the capital is the value specified in the determination or,
if the Treasurer and the board agree that the value so specified does not
correctly represent the value, the value agreed by the Treasurer and the
board.