Land Act 1958

Any sum so fixed as additional to the ordinary upset or minimum value of such lands of the Crown shall (in the case of lands sold by auction or held or occupied by any person under lease or licence giving such person the right to acquire the freehold thereof) be divided into as many different amounts as those into which the sum payable (but for such Order in Council) in respect of such lands by any person acquiring the freehold thereof would be divided, and each such amount into which such additional sum is divided shall bear the same proportion to the total additional sum as the corresponding amount of the sum payable (but for such Order in Council) bears to the whole of such sum, and shall be payable at the same time as such corresponding amount.

All additional sums paid under this or the last preceding section as purchase money rent occupation or licence-fee by any purchaser selector lessee licensee or other person in respect of lands of the Crown so declared to be enhanced by any such particular work or works shall if such work or works is or are constructed by or on behalf of the Government of Victoria or any Department thereof go to and form a separate fund in the Treasury to be called respectively by the name of the particular work or works by which the value of such land is declared to be enhanced, and the moneys standing to the credit of each such fund shall be applied in and towards defraying the cost of such work or works, and the same is hereby appropriated for the purpose accordingly.