Victorian Current Acts Victorian Current Acts(1) The parties to a domestic building work dispute may agree that a party is to pay an amount into the Domestic Building Dispute Resolution Victoria Trust Fund.
(2) The agreement must—
(a) be in writing; and
(b) set out the conditions for payment of the amount into and out of the Fund.
(3) The agreement must not—
(a) be inconsistent with any dispute resolution order issued in relation to the work that is the subject of the dispute; or
(b) relate to money paid into the Fund in compliance with a dispute resolution order.
(4) If a party to a domestic building work dispute has paid money into the Fund under this section, the parties to the dispute may by agreement give written notice to the Director to pay some or all of that money out of the Fund.
(5) The Director may pay money out of the Fund in accordance with the directions in the notice.
S. 51B inserted by No. 47/2019 s. 27.