Victorian Current Acts Victorian Current ActsS. 25(1) amended by No. 40/2022 s. 33(10).
(1) Homes Victoria shall maintain a fund to be called the "general fund".
S. 25(2) amended by No. 40/2022 s. 33(11).
(2) All moneys whatever received by Homes Victoria (including moneys raised by loan under this Act) shall be carried to the credit of the general fund.
S. 25(3) substituted by No. 40/2022 s. 21(1).
(3) Homes Victoria may pay money out of the general fund—
(a) to pay any amounts payable by Homes Victoria (other than money to be paid out of a project fund in relation to a Homes Victoria development project)—
(i) in carrying out the objects of this Act; and
(ii) in the exercising of its functions under this Act; and
(b) for any other purposes authorised by this Act.
S. 25(4) amended by Nos 11/2001 s. 3(Sch. item 36), 40/2022 s. 33(12).
(4) Homes Victoria shall keep such accounts with an authorised deposit-taking institution within the meaning of the Banking Act 1959 of the Commonwealth as are approved by the Treasurer and shall pay into these accounts all moneys received by Homes Victoria.
S. 25(5) inserted by No. 40/2022 s. 21(2).
(5) Homes Victoria may pay out of an account kept under subsection (4) any amounts for the purposes referred to in subsection (3).
S. 26 amended by No. 26/1987 s. 21, repealed by No. 99/1993
s. 16(4),
new s. 26 inserted by No. 40/2022 s. 22. [6]