76Application of excess money in Fund

76 Application of excess money in Fund S. 76(1) amended by Nos 52/1998 s. 104(1), 17/2004 s. 7(2). (1) As soon as practicable after 1 July in each year, the Secretary must make the following calculation—from the amount standing to the credit of the Fund on 1 July the Secretary must subtract the sum of $500 000 and a notional amount that in the opinion of the Secretary fairly represents the ascertained and contingent liabilities of the Fund (including any liability for claims that may not have been made by 1 July). S. 76(2) amended by No. 52/1998 s. 104(1). (2) If the result of the calculation is a positive amount, the Secretary must give the Minister written notice of that fact and of the amount. S. 76(3) amended by Nos 52/1998 s. 104(1), 17/2024 s. 16(a)(b). (3) After consulting the Secretary and any industry associations, Government Departments and other bodies the Minister thinks appropriate, the Minister may apply from the Fund an amount of money not exceeding the amount set out in the notice for one or more of the following purposes— S. 76(3)(a) substituted by No. 17/2004 s. 5(1). (a) community education, advice or information services regarding— (ii) the provision of finance or credit for the purpose of the sale, purchase or lease of real estate or businesses; (iii) the provision of finance or credit for the acquisition of any right to reside on land; S. 76(3)(a)(iv) substituted by No. 69/2006 s. 224(Sch. 3 item 5.4). (iv) owners corporations; S. 76(3)(a)(iva) inserted by No. 19/2013 s. 19(2)(a). (iva) company title corporations and service companies; (v) retirement villages; (vi) residential tenancy rights and any other rights to reside on land; (vii) other consumer protection matters relating to interests in land; S. 76(3)(b) substituted by No. 17/2004 s. 5(1). (b) programs that promote the ownership of real estate; S. 76(3)(c) substituted by No. 17/2004 s. 5(1). (c) the training of estate agents and agents' representatives; S. 76(3)(d) substituted by No. 17/2004 s. 5(1). (d) dispute resolution and advocacy services in relation to disputes involving— (ii) the provision of finance or credit for the purpose of sale, purchase or lease of real estate or businesses; S. 76(3)(d)(iii) amended by No. 17/2024 s. 16(c). (iii) a resident, or proposed or former resident, of a retirement village regarding their residence right in that retirement village; S. 76(3)(d)(iv) substituted by No. 69/2006 s. 224(Sch. 3 item 5.5). (iv) an owners corporation or a member of an owners corporation or an occupier of a lot arising in relation to the operation of an owners corporation; S. 76(3)(d)(v) amended by No. 69/2006 s. 224(Sch. 3 item 5.6). (v) the provision of estate agency services or owners corporation management services; (vi) other consumer protection matters relating to interests in land; S. 76(3)(da) inserted by No. 19/2013 s. 19(2)(b). (da) dispute resolution and advocacy services in relation to neighbourhood disputes involving company title corporations and service companies; S. 76(3)(e) substituted by No. 17/2004 s. 5(1). (e) reviewing, reforming or researching the law and procedures or reviewing and researching the markets for real estate regarding— (ii) the provision of finance or credit for the purpose of sale, purchase or lease of real estate or businesses; S. 76(3)(e)(iii) substituted by No. 69/2006 s. 224(Sch. 3 item 5.7). (iii) owners corporations; S. 76(3)(e)(iiia) inserted by No. 19/2013 s. 19(2)(c). (iiia) company title corporations and service companies; (iv) retirement villages; (v) other consumer protection matters relating to interests in land; S. 76(3)(f) substituted by No. 17/2004 s. 5(1). (f) projects facilitating— (i) the registration of interests in land; (ii) the compilation of other information relating to the ownership or use of land; S. 76(3)(g) inserted by No. 17/2004 s. 5(1). (g) projects providing or facilitating housing assistance for low income or disadvantaged Victorians; S. 76(3)(h) inserted by No. 17/2004 s. 5(1). (h) projects regarding— (i) the development of environmentally sustainable housing; (ii) the protection of Victoria's natural and architectural heritage. S. 76(4) inserted by No. 17/2004 s. 5(2), amended by No. 69/2006 s. 224(Sch. 3 item 5.8), substituted by No. 19/2013 s. 19(3). (4) In subsection (3)— (a) ***company title corporation*, *neighbourhood dispute*** and ***service company*** have the same meanings respectively as they have in the **Company Titles (Home Units) Act 2013**; (b) ***occupier of a lot*** means an occupier of a lot within the meaning of the **Owners Corporations Act 2006**. S. 77 amended by Nos 10028 s. 46, 86/1994 s. 47(zv), repealed by No. 93/1997 s. 28(Sch. item 12). S. 78 amended by Nos 38/1993 s. 5(4), 86/1994 s. 38, repealed by No. 52/1998 s. 104(2). S. 79 amended by Nos 10028 s. 47, 86/1994 s. 39(a).