Victorian Current Acts Victorian Current ActsS. 438(1) amended by No. 11/2001 s. 3(Sch. item 63.1).
(1) The Authority must open and maintain separate accounts at an authorised deposit-taking institution or institutions within the meaning of the Banking Act 1959 of the Commonwealth in the State for the purposes of the Residential Bonds Account and the Residential Bonds Investment Income Account.
(2) The Authority has the powers conferred on it by the Borrowing and Investment Powers Act 1987 .