Housing Act 1983
20Power to borrow money
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20 Power to borrow money
S. 20(1) amended by No. 26/1987 s. 21, substituted by No. 99/1993 s. 16(1), amended by No. 40/2022 s. 33(2).
(1) Homes Victoria may obtain financial accommodation subject to and in accordance with the Borrowing and Investment Powers Act 1987[1].
S. 20(2) repealed by No. 99/1993 s. 16(1).[2]
S. 20(3) inserted by No. 26/1987 s. 6, amended by Nos 99/1993 s. 16(2), 40/2022 s. 33(3).
(3) Without limiting the generality of subsection (1), Homes Victoria may[3]—
S. 20(3)(a) amended by No. 40/2022 s. 33(3).
(a) contract with a corporation that is declared to be a recognised institution under section 3A(4) of the Trustee Act 1958, in respect of mortgages in which Homes Victoria has an interest; and
(b) for the purpose of performing or facilitating the performance of such a contract, enter into any other contract or arrangement with any person.
S. 21 amended by No. 40/2022 s. 33(4).