Victorian Consolidated Legislation

VICTORIAN FUNDS MANAGEMENT CORPORATION ACT 1994

No. 61 of 1994
Version incorporating amendments as at 18 January 2008

TABLE OF PROVISIONS

           Section Page

   PART 1-PRELIMINARY

   1.      Purpose
   2.      Commencement
   3.      Definitions
   4.      Extra-territorial operation

   PART 2-VICTORIAN FUNDS MANAGEMENT CORPORATION

   5.      Establishment
   6.      Objectives
   7.      Corporation not the Crown
   8.      Functions
   9.      Powers
   9A.     Appointment and powers as fund manager
   10.     Directions of Treasurer
   11.     Delegation
   12.     Board of directors
   13.     Appointment of directors
   14.     Terms and conditions of appointment
   15.     Acting chairperson or deputy chairperson
   16.     Acting director
   17.     Vacancies, resignations, removal from office
   18.     Proceedings of Board
   19.     Resolutions without meetings
   20.     Validity of decisions
   21.     Disclosure of director's interests
   22.     Duties of directors
   23.     Corporation not to make loans to directors
   24.     Corporation not to indemnify directors
   25.     Corporate plan
   26.     Periodic reports
   27.     Dividends
   28.     Chief executive officer and other staff
   29.     Vacancy etc. in office of chief executive officer
   30.     Disclosure of interests of staff
   31.     Defence
   32.     Improper use of information

   PART 3-OPERATIONS OF THE CORPORATION

   33.     Initial capital
   34.     Participating body
   35.     Borrowing and investment powers
   36.     Exemption from stamp duty for certain instruments
   37.     Guarantee

   PART 4-GENERAL

   38.     Authorised investment in trusts
   39.     Exemption from Freedom of Information Act 1982.
   40.     Regulations

   PART 6-CONSEQUENTIAL AMENDMENTS

   41.     Borrowing and Investment Powers Act 1987.
   42.     Transport Accident Act 1986.
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           ENDNOTES
           1. General Information
           2. Table of Amendments
           3. Explanatory Details