90Treasurer may give guarantee

90 Treasurer may give guarantee

S. 90(1) amended by Nos 53/1994 s. 19(1)(e)(f), 110/1994 ss 18(d), 33(2), 56/1995 s. 19(b)(c), 35/1997 s. 22(f), 11/2024 s. 56(1).

(1) The Treasurer may, on behalf of the Government of Victoria, execute a guarantee on such terms and conditions as the Treasurer determines in favour of any person guaranteeing the due satisfaction of amounts that become payable by an electricity corporation or VPX under section 29(1) or of amounts that become payable and of other actions required to be performed as a result of or in connection with the provision to an electricity corporation or VPX of financial accommodation including without limiting the generality of the foregoing, the payment of expenses of enforcing or obtaining or endeavouring to obtain such satisfaction.

(2) Any sums required by the Treasurer in fulfilling any liability arising under a guarantee given under this section shall be paid out of the Consolidated Fund, which is to the necessary extent appropriated accordingly.

S. 90(3) amended by Nos 53/1994 s. 19(1)(e), 110/1994 ss 18(d), 33(2), 56/1995 s. 19(d), 35/1997 s. 22(f), 11/2024 s. 56(2).

(3) Any sums received or recovered by the Treasurer from an electricity corporation or VPX or otherwise in respect of any sum paid by the Treasurer under a guarantee shall be paid into the Consolidated Fund.

S. 91 amended by Nos 53/1994 s. 19(2), 8/1996 s. 12, repealed by No. 11/2024 s. 57.

S. 91AA inserted by No. 8/1996 s. 13, amended by Nos 35/1997 ss 8(1)(2), 9, 10/1998 s. 5(1)(h), repealed by No. 8/1996 s. 14.

S. 91A inserted by No. 53/1994 s. 20, amended by Nos 110/1994 ss 18(d), 33(2), 35/1997 s. 22(g).