Project Development and Construction Management Act 1994

A facilitating agency, with the approval of the Treasurer, may do all or any of the following for the purposes of a nominated project—

form or participate in the formation of, a corporation, trust, partnership or other body;

subscribe for, or otherwise acquire, and hold and dispose of shares in, or debentures or other securities of, a corporation;

subscribe for, or otherwise acquire, and hold and dispose of, units in a trust;

acquire and hold and dispose of an interest in a partnership or other body;

enter into any contract, agreement or arrangement with a person for the sharing of profits, union of interest, co-operation, joint venture, reciprocal concessions or otherwise.

Subsection (1) applies whether a person or body referred to in that subsection or a party to a contract or arrangement under subsection (1)(e) is formed or carries on business in Victoria or elsewhere.

An approval under this section may be given for a particular case or class of cases.