Untitled document

Borrowing and Investment Powers Amendment Act 2013

No. 40 of 2013

TABLE OF PROVISIONS

Section  Page

1Purpose

2Commencement

3Amendment of the Borrowing and Investment Powers
Act 1987

4Repeal of amending Act

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ENDNOTES

Borrowing and Investment Powers Amendment Act 2013

No. 40 of 2013

[Assented to 28 June 2013]

The Parliament of Victoria enacts:

1Purpose

The purpose of this Act is to amend the Borrowing and Investment Powers Act 1987 to remove the limits on financial accommodation that may be obtained by the Melbourne Water Corporation and the State Electricity Commission of Victoria.

2Commencement

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

3Amendment of the Borrowing and Investment Powers Act 1987

(1)Division 2A of Part 2 of the Borrowing and Investment Powers Act 1987 is repealed.

(2)In Schedule 1 to the Borrowing and Investment Powers Act 1987—

(a)in item 8, in Column 2, omit "11A,";

(b)in item 14, in Column 2, omit "11A,".

4Repeal of amending Act

This Act is repealed on the first anniversary of the day on which this Act comes into operation.

Note

The repeal of this Act does not affect the continuing operation of the amendments made by it (see section 15(1) of the Interpretation of Legislation Act 1984).

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ENDNOTES

Minister's second reading speech—

Legislative Assembly: 29 May 2013

Legislative Council: 13 June 2013

The long title for the Bill for this Act was "A Bill for an Act to amend the Borrowing and Investment Powers Act 1987 and for other purposes."