Victorian Consolidated Legislation

URBAN LAND CORPORATION ACT 1997

Act No. 71/1997
Version incorporating amendments as at 1 July 1998

TABLE OF PROVISIONS

           Section Page

   PART 1-PRELIMINARY

   1.      Purposes
   2.      Commencement
   3.      Definitions

   PART 2-URBAN LAND CORPORATION

   4.      Establishment
   5.      ULC not to represent the Crown
   6.      Functions
   7.      General powers
   8.      Schedule 1.
   9.      Delegation
   10.     ULC may enter into joint ventures etc.
   11.     Grant of land to ULC
   12.     Approval required for acquisition of private land
   13.     Non-commercial functions

   PART 3-DUTIES OF DIRECTORS

   14.     Duties of directors
   15.     ULC or Minister may bring proceedings
   16.     ULC not to make loans to directors
   17.     Limitation on indemnity

   PART 4-CORPORATE PLAN

   18.     Corporate plan
   19.     Statement of corporate intent: contents
   20.     Corporate plan to be followed
   21.     Nothing void merely because of non-compliance
   22.     Board to give notice of significant events

   PART 5-FINANCIAL PROVISIONS

   23.     Borrowing and investment by ULC
   24.     Determination of initial capital
   25.     Capital
   26.     Repayment of capital
   27.     Dividends

   PART 6-REPORTS BY ULC

   28.     Reports to Minister or Treasurer
   29.     Annual report

   PART 7-REPEALS, AMENDMENTS AND TRANSITIONAL

   30.     Repeal of Urban Land Authority Act 1979.
   31.     Amendment of Borrowing and Investment Powers Act 1987.
   32.     Amendment of Land Tax Act 1958.
   33.     Amendment of Treasury Corporation of Victoria Act 1992.
   34.     Transitional-superseded references
   35.     Transitional-Urban Land Authority
   36.     Transitional-staff
   37.     Saving of covenants
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           SCHEDULE 1-Provisions Applying to ULC
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           ENDNOTES
           1. General Information
           2. Table of Amendments
           3. Explanatory Details