Victorian Current Acts

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VICTORIAN FUNDS MANAGEMENT CORPORATION ACT 1994 - SECT 9

Powers

    (1)     For the purpose of achieving its objectives and performing its functions, the Corporation—

S. 9(1)(a) amended by No. 56/2016 s. 5(1).

        (a)     may enter into contracts for the provision of funds management, investment and related financial services;

        (b)     may subscribe for or otherwise acquire, deal with and hold and dispose of, units in a trust;

S. 9(1)(c) substituted by No. 56/2016 s. 5(2).

        (c)     has the powers conferred on it by this and any other Act.

S. 9(1)(d)(e) repealed by No. 56/2016 s. 5(2).

    *     *     *     *     *

        (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), but subject to the general direction of the Treasurer, the Corporation may—

        (a)     be a member of a body corporate, association, partnership, trust or other body;

        (b)     form, or participate in the formation of, a body corporate, association, partnership, trust or other body;

        (c)     enter into a joint venture with another person or persons.

S. 9A inserted by No. 73/1996 s. 100.



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