Victorian Current Acts Victorian Current Acts(1) For the purpose of achieving its objectives and performing its functions, the Corporation—
(a) has the powers conferred on it by the Borrowing and Investment Powers Act 1987 ;
(b) unless the Treasurer otherwise directs, may purchase securities issued by it and may resell such securities;
(c) with the approval of the Treasurer, may give a guarantee of the obligations of another person for a purpose consistent with the Corporation's objectives and functions; and
(d) except as provided in paragraph (c), may give indemnities for a purpose consistent with its objectives and functions; and
S. 9(1)(e) amended by No. 18/1994 s. 66(Sch. 2 item 26.3).
(e) for the purpose of carrying out its functions under section 8(1)(e) and (f), may, with the approval of the Treasurer, exercise such powers as the Treasurer may exercise in relation to the management of a trust account in the Trust Fund under the Financial Management Act 1994 ;
(f) may do all other things necessary or convenient to be done for or in connection with, or as incidental to, the achievement of its objectives or the performance of its functions.
(2) Without limiting the generality of subsection (1), the Corporation may, with the approval of the Treasurer, and subject to such terms and conditions as the Treasurer determines—
(a) be a member of a body corporate, association, partnership, trust or other body; or
(b) form, or participate in the formation of, a body corporate, association, partnership, trust or other body; or
(c) subscribe for or otherwise acquire, deal with and hold and dispose of, units in a trust; or
(d) enter into a joint venture with another person or persons.