Victorian Numbered Acts

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CLADDING SAFETY VICTORIA ACT 2020 (NO. 31 OF 2020) - SECT 42

Cladding Safety Victoria funding

    (1)     The Authority must pay out of the Cladding Safety Victoria account under section 205DB(1)(e) of the Building Act 1993 to Cladding Safety Victoria for the purposes of this Act any amount remaining in that account after the payments specified in section 205DB(1)(b), (c) and (2) of the Building Act 1993 have been made.

    (2)     If the Treasurer is satisfied that there is at any time an amount in excess of the amount required to meet the anticipated costs to Cladding Safety Victoria in performing its functions, the Treasurer, after consultation with the Minister and Cladding Safety Victoria, may direct the payment of the whole or any part of that excess amount out of the account into the Consolidated Fund.

    (3)     Cladding Safety Victoria must comply with a direction made by the Treasurer.

Part 5—General



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