48Agreement with Royal Agricultural Society and its alteration

48 Agreement with Royal Agricultural Society and its alteration S. 48(1) amended by No. 7621 s. 12(7). (1) The Agreement entered into pursuant to the **Trotting Races Act 1957** and substantially in the form and to the effect of the Schedule to that Act between the trustees of the Royal Agricultural Society of Victoria and the Board shall have effect according to the tenor thereof but, having regard to changes in circumstances, may by agreement between the parties thereto be altered at any time with the consent of the Minister so far as it relates to conditions of use, including payments for the use, of the Royal Agricultural Showgrounds or any part thereof. (2) (a) If the Board is at any time unable to meet any payments under the agreement so entered into the Treasurer may subject to such terms and conditions as he thinks fit advance from the Public Account to the Board such moneys as are necessary to meet such payments, and any money so advanced shall be a charge on the funds of the Board and shall be repaid by the Board when funds are available. S. 48(2)(b) amended by No. 11/2001 s. 3(Sch. item 62). (b) Any such advance shall be made at a rate of interest determined by the Treasurer as being the prevailing overdraft rate. S. 48(2)(c) amended by No. 93/1997 s. 28(Sch. item 26). (c) For the purposes of this subsection the Auditor-General shall in relation to the Board and its accounts have all such powers as he has in relation to the Public Account, and the **Audit Act 1994** shall be read and construed and have effect accordingly. No. 6070 s. 49.