Victorian Consolidated Legislation

VICTORIAN MANAGED INSURANCE AUTHORITY ACT 1996

No. 11 of 1996
Version incorporating amendments as at 18 January 2008

TABLE OF PROVISIONS

           Section Page

   PART 1-PRELIMINARY

   1.      Purpose
   2.      Commencement
   3.      Definitions
   3A.     Controlling interest
   4.      Declaration of participating bodies
   4A.     Declaration that a body ceases to be a participating body

   PART 2-VICTORIAN MANAGED INSURANCE AUTHORITY

   5.      Establishment
   6.      Functions
   7.      Powers
   8.      Directions of the Minister
   9.      Delegation
   10.     Board of directors
   11.     Appointment of directors
   12.     Terms and conditions of appointment
   13.     Vacancies, resignations and removal from office
   14.     Acting appointments
   15.     Proceedings of the Board
   16.     Resolutions without meetings
   17.     Validity of decisions
   18.     Disclosure of director's interests
   19.     Corporate plans
   20.     Periodic reports
   20A.    Repayment or raising of capital
   21.     Chief executive officer and other staff
   22.     Improper use of information

   PART 3-OPERATIONS OF THE AUTHORITY

   23.     Asset registers and risk management strategies
   24.     Insurance
   25.     Indemnities
   25A.    Provision of insurance and indemnities for other persons or bodies
   25B.    Authority may determine conditions
   25C.    Authority is approved insurer
   26.     Borrowing and investment powers
   27.     Statutory guarantee
   28.     Appropriation for guarantees
   29.     Enforcement of guarantee

   PART 4-REGULATIONS

   30.     Regulations

   PART 5-TRANSITIONAL

           31-33. Repealed
   34.     SIO instruments
   35.     Saving of Government guarantees

   PART 6-Repealed

   36.     Repealed
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           ENDNOTES
           1. General Information
           2. Table of Amendments
           3. Explanatory Details