Victorian Numbered Acts

DELIVERING VICTORIAN INFRASTRUCTURE (PORT OF MELBOURNE LEASE TRANSACTION) ACT 2016 (NO. 10 OF 2016) - SECT 1

The main purposes of this Act are—

        (a)     to authorise and facilitate transactions under which land in the port of Melbourne is leased, and assets of the Port of Melbourne Corporation are disposed of, to a private sector entity; and

        (b)     to establish the Victorian Transport Fund into which the proceeds of transactions referred to in paragraph (a) are to be paid; and

        (c)     to guarantee the employment entitlements of employees of the Port of Melbourne Corporation who become employees of a private sector entity in connection with the transactions referred to in paragraph (a); and

        (d)     to amend the Transport Integration Act 2010 and the Port Management Act 1995 to revise the Port of Melbourne Corporation's functions and powers to reflect the port of Melbourne's operation by the private sector entity and the Port of Melbourne Corporation's continuing role in relation to the port; and

        (e)     to amend the Port Management Act 1995 and the Essential Services Commission Act 2001 to establish a new licensing and economic regulatory framework to apply to the private sector entity that will be providing services at the port of Melbourne through its operation of the port; and

        (f)     to amend the Marine Safety Act 2010 to ensure that the private sector entity operating the port of Melbourne, when carrying out activities at the port, is subject to marine safety duties; and

        (g)     to make consequential amendments to other Acts.