Victorian Current Acts Victorian Current ActsS. 80(1) amended by Nos 23/2003 s. 17(Sch. item 5(1)), 85/2003 s. 30(2), 63/2007 s. 18(Sch. item 3(2)), 38/2011 s. 30(1), 10/2016 s. 128(1), 19/2022 s. 49(a).
(1) As security for the payment of wharfage fees or channel fees that have been or may be incurred under this Part by a person, the port of Melbourne operator, the designated State port entity, the Port of Hastings Development Authority, Ports Victoria or the channel operator may require the person to lodge with it a security deposit.
S. 80(2) amended by Nos 11/2001 s. 3(Sch. item 57), 23/2003 s. 17(Sch. item 5(2)), 85/2003 s. 30(2), 38/2011 s. 30(2), 10/2016 s. 128(2), 19/2022 s. 49(b).
(2) The security deposit may take the form of cash or a guarantee provided by a body permitted to use the expression bank under section 66 of the Banking Act 1959 of the Commonwealth or such other form as the port of Melbourne operator, the designated State port entity, the Port of Hastings Development Authority, Ports Victoria or the channel operator may approve, and is to be in or for an amount determined by the port of Melbourne operator, the designated State port entity, the Port of Hastings Development Authority, Ports Victoria or the channel operator.
S. 80(3) amended by Nos 23/2003 s. 17(Sch. item 5(3)), 85/2003 s. 30(2), 38/2011 s. 30(3), 10/2016 s. 128(1), 19/2022 s. 49(a).
(3) The port of Melbourne operator, the designated State port entity, the Port of Hastings Development Authority, Ports Victoria or a channel operator may appropriate a security deposit or the proceeds of a security deposit to meet liabilities of the depositor (including any interest payable) under this Part that are unpaid after becoming due.
S. 80(4) amended by Nos 23/2003 s. 17(Sch. item 5(4)), 85/2003 s. 30(2), 38/2011 s. 30(4), 10/2016 s. 128(1), 19/2022 s. 49(a).
(4) If a security deposit or the proceeds of a security deposit have been appropriated or partly appropriated, the port of Melbourne operator, the designated State port entity, the Port of Hastings Development Authority, Ports Victoria or the channel operator may require lodgement of further security.
S. 80(5) amended by Nos 23/2003 s. 17(Sch. item 5(5)), 85/2003 s. 30(2), 38/2011 s. 30(5), 10/2016 s. 128(1), 19/2022 s. 49(a).
(5) If at any time the port of Melbourne operator, the designated State port entity, the Port of Hastings Development Authority, Ports Victoria or a channel operator considers that a depositor's potential liabilities under this Part should be more adequately guaranteed, it may require the lodgement of security in a greater amount, or in a different form or both.