Transport Integration Act 2010

The capital of a Transport Corporation is equal to the sum of—

the amount of the Transport Corporation's initial capital under this Act in accordance with section 158(1); and

any part of the Transport Corporation's liabilities that is converted into capital at the direction of the Minister; and

any amounts paid to the Transport Corporation out of money appropriated by the Parliament for the purpose of providing capital; and

any part of the Transport Corporation's reserves that is converted into capital at the direction of the Minister after consultation with the board of directors of the Transport Corporation—

This section applies to Ports Victoria and the Port of Hastings Corporation with the following modification—in subsection (1)(b) and (1)(d), a reference to the Minister is taken to be a reference to the Treasurer.

This section applies to V/Line Corporation as if a reference to the board of directors of a Transport Corporation in the section were a reference to the chief executive officer of V/Line Corporation.