Victorian Current Acts Victorian Current ActsS. 26A(1) amended by Nos 99/1993 s. 16(5), 40/2022 s. 33(13).
(1) Homes Victoria may, with the approval of the Treasurer, execute a guarantee in favour of any person approved by Homes Victoria guaranteeing the repayment of any amount.
S. 26A(2) amended by No. 40/2022 s. 33(14).
(2) Homes Victoria may, with the approval of the Treasurer, provide an indemnity in favour of any person, and in respect of any liability, approved by Homes Victoria, whether or not that liability is incurred in the carrying out of the objects of this Act or in achieving its purposes.
S. 26A(2A) inserted by No. 40/2022 s. 23(2).
(2A) With the approval of the Treasurer, Homes Victoria may grant security over the real and personal property (including any present, future, tangible or intangible property or assets and any right, interest, revenue or benefit in, under or derived from that property or asset) of, or the shares, debentures, securities or units Homes Victoria holds in, an entity that Homes Victoria has formed, participated or invested in under section 32A.
S. 26A(3) amended by Nos 40/2022 s. 23(3), 6/2023 s. 3(Sch. 1 item 3.1).
(3) A guarantee executed, an indemnity provided or a security granted by Homes Victoria under subsection (1), (2) or (2A) is subject to any terms and conditions that Homes Victoria thinks appropriate.
(4) Any amounts that from time to time become due and payable under a guarantee or an indemnity authorized by this section shall be paid out of the Consolidated Fund (which is hereby to the necessary extent appropriated accordingly).
S. 27 (Heading) inserted by No. 40/2022 s. 33(22).