Eligibility to become a Participating Authority of TCV is governed by the Treasury Corporation of Victoria Act 1992 (TCV Act).

Section 27 of the TCV Act permits TCV to accept a public authority as a participating authority for the purposes of the TCV Act. Section 3 of the TCV Act defines a public authority as:

  • an agency of instrumentality of the State [of Victoria] established by or under an Act
  • an agency or instrumentality of the State [of Victoria] constituted by a Minister or by one or more officers of the public service
  • a body established by an Act a member of which, or member of the governing body of which, is appointed by the Governor in Council or by a Minister
  • a body established by an Act that is financed wholly or in part from public money
  • a prescribed agency.

Eligible public authorities may give notice in writing to TCV seeking acceptance as a participating authority and, subject to the approval of the Directors of TCV, will be accepted as a participating authority for the purposes of the TCV Act.

Acceptance as a participating authority will entitle the public authority, subject to the necessary approvals of the Treasurer of Victoria, to borrow from TCV and to enter into risk-management arrangements with TCV.

Participating authority status is not a prerequisite for depositing monies (or otherwise investing) with TCV. TCV will accept deposits from any public authority of the State of Victoria.