VICIn ForceAct
Development Victoria Act 2003
40APortion of net proceeds of sale of granted land payable into General Fund
Start here
Get a plain-English read of 40A
Turn the raw legal text into a practical explanation grounded in Development Victoria Act 2003.
40A Portion of net proceeds of sale of granted land payable into General Fund
Despite section 40(2) and (3), the Governor in Council, on the recommendation of the Minster, the Treasurer and the Minister administering section 12 of the Land Act 1958, may authorise Development Victoria to pay into the Project Fund an amount determined by the Governor in Council, being a portion of the net proceeds of the sale of any land granted to Development Victoria under section 40(1).