Victorian Current Acts

DOMESTIC BUILDING CONTRACTS ACT 1995 - SECT 51

    (1)     The Director must establish and maintain a trust fund to be called the Domestic Building Dispute Resolution Victoria Trust Fund.

    (2)     The Director must establish an account with an ADI for the investment of the Fund.

    (3)     There may be paid into the Fund all amounts required or permitted to be paid into the Fund under this Act.

    (4)     There may be paid out of the Fund all amounts required or permitted to be paid from the Fund under this Act.

    (5)     The proceeds of the investment of the Fund are to be paid into the Domestic Builders Fund.

S. 51A inserted by No. 15/2016 s. 6.