27Preparation of annual budgets by Homes Victoria

27 Preparation of annual budgets by Homes Victoria S. 27(1) amended by No. 40/2022 s. 33(15). (1) Before such date as may be fixed by the Minister, Homes Victoria shall submit to the Minister an operating budget and a capital works budget for the relevant financial year. S. 27(2) amended by No. 46/1998 s. 7(Sch. 1). (2) The budgets shall be in such form and contain such matter as is required by the Minister after consultation with the Minister administering Part 7 of the **Financial Management Act 1994**. S. 27(3) amended by Nos 26/1987 s. 21, 40/2022 s. 33(16). (3) The Minister shall consider the budgets submitted by Homes Victoria and shall, as soon as practicable, advise Homes Victoria as to whether the Minister approves the budgets or approves the budgets as amended by the Minister. S. 27(4) amended by No. 40/2022 s. 33(17). (4) Homes Victoria shall operate within the budgets as approved by the Minister for Homes Victoria for the relevant year. S. 27(5) amended by Nos 26/1987 s. 21, 40/2022 s. 33(18). (5) Where, during the course of a financial year, a change has occurred in the budgetary situation of Homes Victoria which, in the view of Homes Victoria or of the Minister is judged to be a significant change, or where the Minister deems it necessary, Homes Victoria shall submit to the Minister on Homes Victoria's own initiative or at the Minister's direction, a revised budget for the remainder of the year and the Minister shall consider that revised budget and shall, as soon as practicable, advise Homes Victoria as to whether the Minister approves the revised budget or approves a revised budget as amended by the Minister. S. 27(6) amended by No. 40/2022 s. 33(19). (6) Homes Victoria shall operate within the revised budget, if any, from the date that the revised budget is approved by the Minister for the remainder of the financial year. S. 27(7) amended by No. 40/2022 s. 33(20). (7) Homes Victoria shall provide to the Minister, in such form and containing such matter and within such time or times as the Minister directs, such information as the Minister may request from time to time relating to the budgetary position, finances, cash position, manpower position or other factors relevant to Homes Victoria's operations or capital works programme for the year or for any ensuing year or years. S. 27(8) amended by No. 26/1987 s. 21. (8) Before the Minister approves any budget or revised budget pursuant to this section, the Minister shall— S. 27(8)(a) amended by Nos 26/1987 s. 21, 40/2022 s. 33(21). (a) submit the budget the Minister proposes to approve for Homes Victoria for the whole financial year to the Treasurer for the Treasurer's consideration and approval; and (b) submit to the Treasurer any proposed revised budget for a portion of a financial year for the Treasurer's consideration and approval. S. 28 amended by No. 26/1987 s. 21, repealed by No. 93/1997 s. 28(Sch. item 16). Pt 4 Div. 2 (Heading) substituted by No. 10259 s. 9(2). Division 2—Commonwealth–State–Northern Territory Housing Agreements S. 28A inserted by No. 10259 s. 4.