VICIn ForceAct
Port Management Act 1995
104Payments in respect of financial obligations
Start here
Get a plain-English read of 104
Turn the raw legal text into a practical explanation grounded in Port Management Act 1995.
104 Payments in respect of financial obligations
(1) If—
(a) an Order has been made under section 36D(1) or 36E(1) of the **Treasury Corporation of Victoria Act 1992** relating to financial obligations of PMA; and
(b) responsibility for those financial obligations has become the responsibility of a port corporation under an allocation statement under this Part—
then—
(c) the port corporation must pay to the Treasury Corporation of Victoria such amounts, and at such times, as PMA would have been liable to pay in respect of those financial obligations if the Order had not been made, except in so far as the Corporation and the port corporation otherwise agree; and
(d) the Corporation must pay to the port corporation such amounts, and at such times, as PMA would have been entitled to receive in respect of those financial obligations if the Order had not been made, except in so far as the Corporation and the port corporation otherwise agree.
(2) An amount payable under subsection (1) may be recovered in a court of competent jurisdiction as a debt due to the Treasury Corporation of Victoria or the port corporation, as the case requires.
Division 4—General