Victorian Current Acts Victorian Current Acts(1) The Victorian Legal Services Board may enter into a financial arrangement or obtain financial accommodation necessary or convenient to facilitate the investment of any money in the Public Purpose Fund.
(2) A financial arrangement or financial accommodation under subsection (1) is invalid unless the Victorian Legal Services Board has obtained the Treasurer's approval in writing for that financial arrangement or financial accommodation.
(3) Without limiting subsection (1), the Victorian Legal Services Board may enter into a financial arrangement or financial accommodation under that subsection by establishing an overdraft account with an ADI in the name of the Victorian Legal Services Board to be secured against moneys standing to the credit of the Public Purpose Fund.
(4) In this section—
financial arrangement and financial accommodation have the same meanings as they have in the Borrowing and Investment Powers Act 1987 .