Rural Finance (Amendment) Act 1999 (Vic)

Rural Finance (Amendment) Act 1999

Act No. 18/1999

TABLE OF PROVISIONS

Section Page

1.	Purpose	1
2.	Commencement	1
3.	New section 21 substituted	2

21. Deposits 2

4. Statute law revision 2

i

Victoria

No. 18 of 1999

Rural Finance (Amendment) Act 1999†

[Assented to 18 May 1999]

The Parliament of Victoria enacts as follows:

1. Purpose

The main purpose of this Act is amend the Rural

Finance Corporation's deposit-taking powers.

2. Commencement

This Act comes into operation on the day on which it receives the Royal Assent.

Rural Finance (Amendment) Act 1999

Act No. 18/1999 s. 3

3. New section 21 substituted

For section 21 of the Rural Finance Act 1988	No. 44/1988. Reprint No. 1
substitute—	as at 10 October
"21. Deposits	1996. Further amended by
(1) The Corporation may receive money on	No. 46/1998.

deposit—

(a) as security under section 18; or

(b) as provided in section 32(5)(b); or

(c) in accordance with an authority under sub-section (2).

(2) The Treasurer may, by notice published in

the Government Gazette, authorise the subject to any conditions that are specified in the notice.

(3) The conditions referred to in sub-section (2) may include conditions as to the amount of a deposit or the manner in which, or term for

which, the deposit is held or invested by the Corporation or any other conditions that the Treasurer determines.".

4. Statute law revision

In section 14(4)(b) of the Rural Finance Act 1988 for "possesson" substitute "possession".

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Rural Finance (Amendment) Act 1999

Notes Act No. 18/1999

NOTES

†

Minister's second reading speech—

Legislative Assembly: 15 April 1999

Legislative Council: 5 May 1999

The long title for the Bill for this Act was "to amend the Rural Finance
Act 1988 and for other purposes."