40Borrowings

40 Borrowings

S. 40(1) substituted by No. 100/1995 s. 10(Sch. 1 item 3.1), repealed by No. 59/2003 s. 108(1).

S. 40(2)(3) repealed by No. 100/1995 s. 10(Sch. 1 item 3.1).

S. 40(4) amended by Nos 59/2003 s. 108(2), 10/2017 s. 33(10).

(4) Money paid out of the Consolidated Fund in respect of a guarantee given for financial accommodation obtained by Development Victoria for the purposes of this Act must be taken to be an advance to Development Victoria and must be repaid by Development Victoria when funds that may properly be used for that purpose become available.

S. 41 repealed by No. 59/2003 s. 108(1).

Part 5—General

Division 1—Advisory committees

42 Minister may appoint advisory committee

S. 42(1) amended by Nos 59/2003 s. 109, 10/2017 s. 33(13).

(1) The Minister may appoint any advisory committees that the Minister considers appropriate to advise him or her in relation to the docklands area or Development Victoria's functions under this Act.

(2) The Minister may do all or any of the following—

(a) determine or vary the functions of an advisory committee;

(b) appoint persons to be chairperson and members of an advisory committee;

(c) determine the terms and conditions of appointment of a chairperson or other member;

(d) at any time remove a chairperson or other member from office.

(3) A chairperson or other member of an advisory committee who is not a member of Parliament, is entitled to receive any travelling or other allowances that are fixed by the Minister for that member.

S. 42(4) amended by No. 46/1998 s. 7(Sch. 1), substituted by Nos 108/2004 s. 117(1) (Sch. 3 item 57), 80/2006 s. 26(Sch. item 27).

(4) The Public Administration Act 2004 (other than Part 3 of that Act) applies to a member of an advisory committee in respect of the office of member.

(5) Schedule 3 (but not the by-laws, or the provisions about remuneration or allowances) applies to the procedure of an advisory committee as if it referred to an advisory committee instead of the Authority.

(6) The Minister may at any time dissolve an advisory committee.