Victorian Consolidated Legislation

Transport Act 1983 - SECT 76

Financial accommodation

76. Financial accommodation



(1) The Corporation may, with the approval of the Treasurer, obtain financial
accommodation for a period not exceeding 12 months by way of overdraft of
account at any authorised deposit-taking institution within the meaning of the
Banking Act 1959 of the Commonwealth or other financial institution in
Australia.







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(3) The due repayment or satisfaction of any advances or financial
accommodation obtained under this section and the due repayment of any
interest or other charges payable in relation thereto is hereby guaranteed by
the Government of Victoria.

(4) Any sums required by the Minister administering Part 7 of the
Financial Management Act 1994 for fulfilling any guarantee given by this
section shall be paid out of the Consolidated Fund (which is hereby to the
necessary extent appropriated accordingly) and any sums received or recovered
by that Minister from the Corporation or otherwise in respect of any sum so
paid by that Minister shall be paid into the Consolidated Fund.