Victorian Current Acts

TREASURY CORPORATION OF VICTORIA ACT 1992 - SECT 46

    (1)     Each VicFin instrument continues to have effect according to its tenor on and after the commencement of this section as if a reference in the instrument to VicFin were a reference to the Corporation.

    (2)     In this section, "VicFin instrument" means an instrument (including a legislative instrument other than this Act) subsisting immediately before the commencement of this section—

        (a)     given by VicFin or to which VicFin was a party; or

        (b)     that was given to or in favour of VicFin; or

        (c)     that refers to VicFin; or

        (d)     under which—

              (i)     money is, or may become, payable to or by VicFin; or

              (ii)     other property is to be, or may become liable to be, transferred to or by VicFin.

    (3)     A guarantee in force under section 31 of the Victorian Public Authorities Finance Act 1984 immediately before the commencement of this section in relation to a VicFin instrument continues in force in relation to that instrument.

    (4)     Section 34 applies in respect of a guarantee continued in force by subsection (3) as if the guarantee had been given under this Act.