Agency VA 1109
Victorian Economic Development Corporation
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Date Range: 1981 - 1993
 
Description of this AgencyDescription of this Agency
Establishment and Functions

The Victorian Economic Development Corporation (V.E.D.C.) was established by an Act of Parliament proclaimed on 1 July 1981. The Corporation was an amalgamation of the Victoria Promotion Committee (VA 2902) and the Victorian Development Corporation (VA 4924).

The Victorian Economic Development Corporation had responsibility for:

* Assisting in the establishment, continuance and expansion of regional industry, preferred industry, tourist accommodation and other facilities.
*Encouraging and promoting a competitive economy in Victoria through the production of goods and provision of services in Victoria, the promotion of economic activity in development regions and through export sales of Victorian produce, products and services in interstate and overseas markets.
*Increasing the rate of economic development in country Victoria.
*Establishing and operating overseas and interstate offices.
*Providing financial assistance for the development of country industry and tourist facilities.

In July 1984 the Corporation was restructured to become the principal agency for the provision of loan and equity funds to Victorian companies in line with the Government's economic strategy.

In December 1993 the Rural Finance (VEDC Abolition) Act was passed. The Act formalised the arrangements made by the previous Government to transfer the assets, liabilities and responsibilities of the VEDC to Rural Finance Corporation.

The Act abolished the VEDC, and repealed the VEDC Act 1981.


Location of Records

Few records have been transferred to the Public Record Office. Most are assumed to have passed to the Rural Finance Corporation (VA 2985). Some may be located with the Department of Industry, Technology and Resources (VA 2661).




 
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Record series created by this AgencyRecord series created by this Agency
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Date Range Series Title Series Number Series Location Public Access
? 1981 - ? 1982 Folder of Papers Relating to the Firm Manufacture and Design VPRS 7350 North Melbourne Open
1981 - ? 1983 Correspondence Files relating to Overseas Offices VPRS 7331 North Melbourne Open
1981 - ? 1993 Board Papers (Victorian Economic Development Corporation) VPRS 16611 North Melbourne Closed
1981 - 1993 Board Minutes VPRS 16612 North Melbourne Closed
1981 - 1993 Annual Reports VPRS 17752 North Melbourne Open
1986 - 1988 Committee Papers VPRS 16609 North Melbourne Closed
By 1970 - 1982 Inquiry Files VPRS 7330 North Melbourne Open
Functions for which this Agency has or has had primary responsibilityFunctions for which this Agency has or has had primary responsibility
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- 1988 Economic development loans VF 431
Functions for which this Agency has or has had secondary responsibilityFunctions for which this Agency has or has had secondary responsibility
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Superior AgenciesSuperior Agencies
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Subordinate AgenciesSubordinate Agencies
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1986 - 1988 Victorian Investment Corporation VA 2986
Related AgenciesRelated Agencies
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Groups containing this AgencyGroups containing this Agency
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Date of Relationship Group Title Group Number
1981 - 1983 Economic Development VRG 71
1983 - 1985 Industry, Commerce and Technology VRG 77
1985 - 1988 Industry, Technology and Resources VRG 82