Victorian Current Acts

HOUSING ACT 1983 - SECT 32A

With the approval of the Minister and the Treasurer, Homes Victoria may do any or all of the following—

        (a)     form, or participate in the formation of, a corporation, trust, joint venture, partnership or other body, including a non-profit body (a  Homes Victoria subsidiary );

        (b)     subscribe for, or otherwise acquire, and hold and dispose of shares in, or debentures or other securities of, a corporation;

        (c)     become a member of a company limited by guarantee;

        (d)     subscribe for, or otherwise acquire, and hold and dispose of, units in a trust;

        (e)     act as a trustee or manager of a trust or other investment interest and authorise any subsidiaries of Homes Victoria to act as a trustee or manager of a trust or other investment interest;

        (f)     acquire and hold and dispose of an interest in a partnership or other body or arrangement;

        (g)     enter into any contract or arrangement with a person for the sharing of profits, union of interest, co-operation, joint venture, reciprocal concessions or otherwise.

S. 32B inserted by No. 40/2022 s. 24.