* * * * * S. 46(7) amended by No. 7621 s. 2, repealed by No. 7899 s. 3(b). * * * * * S. 47 repealed. 48 Agreement with Royal Agricultural Society and its No. 6092 ss 4, 5. alteration (1) The Agreement entered into pursuant to the S. 48(1) amended by and substantially in the Trotting Races Act 1957 No. 7621 form and to the effect of the Schedule to that Act s. 12(7). between the trustees of the Royal Agricultural Society of Victoria and the Board shall have effect according to the tenor thereof but, having regard to changes in circumstances, may by agreement between the parties thereto be altered at any time with the consent of the Minister so far as it relates to conditions of use, including payments for the use, of the Royal Agricultural Showgrounds or any part thereof. (2) (a) If the Board is at any time unable to meet any payments under the agreement so entered into the Treasurer may subject to such terms and conditions as he thinks fit advance from the Public Account to the Board such moneys as are necessary to meet such payments, and any money so advanced shall be a charge on the funds of the Board and shall be repaid by the Board when funds are available. (b) Any such advance shall be made at a rate of S. 48(2)(b) amended by interest determined by the Treasurer as being No. 11/2001 the prevailing overdraft rate. s. 3(Sch. item 62).
S. 46(7) amended by No. 7621 s. 2, repealed by No. 7899 s. 3(b). * * * * * S. 47 repealed. * * * * * No. 6092 ss 4, 5. 48 Agreement with Royal Agricultural Society and its alteration S. 48(1) amended by No. 7621 s. 12(7). (1) The Agreement entered into pursuant to the Trotting Races Act 1957 and substantially in the form and to the effect of the Schedule to that Act between the trustees of the Royal Agricultural Society of Victoria and the Board shall have effect according to the tenor thereof but, having regard to changes in circumstances, may by agreement between the parties thereto be altered at any time with the consent of the Minister so far as it relates to conditions of use, including payments for the use, of the Royal Agricultural Showgrounds or any part thereof. (2) (a) If the Board is at any time unable to meet any payments under the agreement so entered into the Treasurer may subject to such terms and conditions as he thinks fit advance from the Public Account to the Board such moneys as are necessary to meet such payments, and any money so advanced shall be a charge on the funds of the Board and shall be repaid by the Board when funds are available. S. 48(2)(b) amended by No. 11/2001 s. 3(Sch. item 62). (b) Any such advance shall be made at a rate of interest determined by the Treasurer as being the prevailing overdraft rate.
58-6353a171.docx