Victorian Numbered Acts Victorian Numbered ActsFor section 15 of the Regional Development Victoria Act 2002 substitute —
There is established in the Public Account as part of the Trust Fund an account to be known as the Regional Jobs and Infrastructure Fund.
There must be paid into the Regional Jobs and Infrastructure Fund—
(a) all money that is appropriated by Parliament for the purposes of the Fund; and
(b) all money that is received from the investment of money in the Fund; and
(c) money received from any other source for the purposes of the Fund.
(1) There must be paid from the Regional Jobs and Infrastructure Fund amounts to be used for the following purposes—
(a) to provide for better infrastructure, facilities and services in rural and regional Victoria;
(b) to strengthen the economic, social and environmental bases of communities in rural and regional Victoria;
(c) to create jobs and improve career opportunities in rural and regional Victoria;
(d) to support the development and planning of local projects in rural and regional Victoria;
(e) for projects, determined by the Minister, to support the economic or community development of rural and regional Victoria.
(2) A payment made for a purpose set out in subsection (1) must not be made without the authorisation of—
(a) if the payment is for less than $5 000 000, the Minister; or
(b) otherwise, the Minister and the Treasurer.
(3) There must be paid from the Regional Jobs and Infrastructure Fund amounts authorised by the Minister for the payment of costs and expenses incurred in—
(a) administering Part 3 and this Part; and
(b) monitoring and reporting on the financial operations and financial position of the Fund.
The Minister, by instrument, may delegate the Minister's power to authorise payments under section 17 to—
(a) the Chief Executive; or
(b) a person employed under Part 3 of the Public Administration Act 2004 .
The Governor in Council may make regulations for or with respect to—
(a) prescribing geographical areas to be included in rural and regional Victoria for the purposes of this Act and the circumstances (if any) in which the prescribed geographical areas are to be included in rural and regional Victoria for the purposes of this Act; and
(b) any other matter or thing required or permitted by this Act to be prescribed or necessary to be prescribed to give effect to this Act.
(1) On the commencement day—
(a) the Regional Growth Fund is abolished; and
(b) all money standing to the credit of the Regional Growth Fund immediately before the commencement day becomes part of the Regional Jobs and Infrastructure Fund; and
(c) all property, rights and liabilities of the Regional Growth Fund immediately before the commencement day become property, rights and liabilities of the Regional Jobs and Infrastructure Fund.
(2) A reference to the Regional Growth Fund in any Act, subordinate instrument, agreement or other document is taken to be a reference to the Regional Jobs and Infrastructure Fund to the extent that the reference relates to any matter on or after the commencement day unless the contrary intention appears.
(3) No duty or other tax is chargeable under any Act in respect of anything done by this section or in respect of any act or transaction connected with or necessary to be done because of this section, including a transaction entered into or an instrument made, executed, lodged or given, for the purposes of, or connected with, the transfer of property to or from the Regional Jobs and Infrastructure Fund.
(4) Despite the repeal of the Regional Growth Fund Act 2011 , on and after the commencement day any agreement for the payment of an amount from the Regional Growth Fund is taken to be an agreement for the payment of an amount from the Regional Jobs and Infrastructure Fund to the extent that the agreement relates to any matter on or after the commencement day unless the contrary intention appears.
(5) Despite the repeal of the Regional Growth Fund Act 2011 , on and after the commencement day any authorisation given by the Minister or the Treasurer under section 5(2) of that Act before the commencement day—
(a) continues to have effect; and
(b) to the extent that it relates to any matter on or after the commencement day, is taken to be an authorisation under section 17(2) of this Act for the payment of an amount out of the Regional Jobs and Infrastructure Fund.
(6) Nothing effected by this section is to be regarded as—
(a) placing a person in breach of a contract; or
(b) constituting a default under a provision of a contract.
(7) In this section—
"commencement day" means the day on which section 16 of the Regional Development Victoria Amendment (Jobs and Infrastructure) Act 2015 comes into operation;
"liabilities" means all liabilities, duties and obligations, whether actual, contingent or prospective;
"property" means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description;
"Regional Growth Fund" means the Fund within the meaning of the Regional Growth Fund Act 2011 as in force immediately before its repeal;
"rights" means all rights, powers, privileges and immunities, whether actual,
contingent or prospective.".
Part 3—Amendment and repeal of other Acts