Port Management Act 1995

The Treasurer may, on behalf of the Government of Victoria, execute a guarantee on such terms and conditions as the Treasurer determines in favour of any person guaranteeing the due satisfaction of amounts that become payable by a port corporation under section 104(1) or because of Part 8 or of amounts that become payable, and of other actions required to be performed, as a result of or in connection with the provision to a port corporation of financial accommodation including, but not limited to, the payment of expenses of enforcing or obtaining or endeavouring to obtain such satisfaction.

Any sums required by the Treasurer in fulfilling any liability arising under a guarantee given under this section shall be paid out of the Consolidated Fund, which is to the necessary extent appropriated accordingly.

Any sums received or recovered by the Treasurer from a port corporation or otherwise in respect of any sum paid by the Treasurer under a guarantee shall be paid into the Consolidated Fund.