Victorian Current Acts Victorian Current ActsIn this Part—
S. 36I def. of Director repealed by No. 40/2022 s. 59(1)(a).
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"financial accommodation" means a financial benefit or assistance to obtain a financial benefit arising from or as a result of—
(a) a loan;
(b) issuing, endorsing or otherwise dealing in promissory notes;
(c) drawing, accepting, endorsing or otherwise dealing in bills of exchange;
(d) issuing, purchasing or otherwise dealing in securities;
(e) granting or taking a lease of any real or personal property for financing but not for operating purposes;
(f) issuing bonds under an instrument referred to in section 36O ;
"financial arrangement" means an arrangement entered into for the purpose of managing, lessening, hedging or protecting against movements in currency exchange, interest or discount rates or other costs of obtaining financial accommodation;
"financial obligation", in relation to VHB, means—
(a) in relation to a bond issued by VHB under an instrument referred to in section 36O, the liability of VHB to pay any principal, interest or other moneys owing in relation to the bond on the due date within the meaning of the instrument;
(b) in relation to any other financial accommodation obtained, or financial arrangement entered into, by VHB, the liability of VHB to make payment in respect of that financial accommodation or financial arrangement;
S. 36I def. of Homes Victoria inserted by No. 40/2022 s. 59(1)(b).
"Homes Victoria" means the body corporate established under section 9(2) of the Housing Act 1983 ;
"security" includes inscribed stock and debenture, bond, debenture stock, notes or any other document creating, evidencing or acknowledging indebtedness in respect of financial accommodation, whether or not constituting a charge on property;
"VHB" means Victorian Housing Bonds Limited A.C.N. 006 955 577.
S.
36J
inserted by No. 61/1995
s. 16.