Vic Lib funds fight will be resolved: Guy

The Victorian Liberals' ongoing stoush with party donor the Cormack Foundation will be resolved before the next election, Opposition Leader Matthew Guy says.

The party has been in financial strife since jailed former state director Damien Mantach stole more than $1.5 million, and the fundraising Cormack Foundation has been withholding millions of dollars amid a feud with state president Michael Kroger.

News Corp reports the matter could go to court or arbitration, and Mr Guy says the issue will be resolved by the November 2018 election.

"That matter will be settled, yes," he told reporters on Thursday.

"It could go a number of ways but I'll leave it to the state president to make the detailed comments about what the matters involve in terms of discussion and the arrangement with the Cormack Foundation.

"Needless to say, both organisations have had a mutual link for a long period of time and so I hope that's resolved amicably."