Victorian Current Acts Victorian Current Acts(1) The functions of the Corporation are—
(a) to obtain financial accommodation within or outside Australia;
(b) to provide financial accommodation to a participating authority or the State;
(c) to enter into or perform financial arrangements;
(d) as principal or agent, to manage funds of a participating authority or the State;
S. 8(1)(e) amended by No. 18/1994 s. 66(Sch. 2 item 26.2(a)), substituted by No. 24/1995 s. 4.
(e) to manage the reduction, retirement or cancellation of debt for or on behalf of the State and participating authorities;
S. 8(1)(f) amended by Nos 18/1994 s. 66(Sch. 2 item 26.2(b)), 73/1996
s. 98(2)(a).
(f) to manage such trust accounts established in the Trust Fund under the Financial Management Act 1994 as the Treasurer and the Corporation determine;
(g) to provide, or to arrange for the provision of, financial services for, and financial advice to, participating authorities and the State;
(h) to acquire real or personal property for use by the Corporation, a participating authority or the State;
(i) to sell, mortgage or grant a lease of property held by the Corporation;
(j) to manage the assets and liabilities of the Corporation;
(k) to carry out such functions or provide such financial or other services in relation to any liabilities or financial assets of the State or a participating authority as the Treasurer determines by notice in writing given to the Corporation;
S. 8(1)(l) substituted by No. 100/1995
s. 10(1)(Sch. 1 item 7.1).
(l) to make submissions or recommendations or give advice to the Treasurer in respect of the State's assets and liabilities and, if so requested by the Treasurer, to enter into and perform transactions including financial arrangements—
(i) to hedge, protect or manage the value of the State's assets or liabilities, or prospective assets or liabilities, against movements in currency rates, interest rates, prices of shares, property or commodities or any other rates, costs or other factors that affect or could affect, the value of the State's assets or liabilities or prospective assets or liabilities; or
(ii) to acquire and dispose of the State's assets or liabilities;
(m) to carry out such other functions as are conferred on it by this or any other Act.
(2) As soon as possible after giving a notice under subsection (1)(k), the Treasurer must cause a copy of the notice to be published in the Government Gazette.