New South Wales Consolidated Acts

PUBLIC AUTHORITIES (FINANCIAL ARRANGEMENTS) ACT 1987 - SECT 16

16 Financial adjustments

(1) For the purpose of exercising its functions, an authority may, in accordance with the written approval of the Treasurer, effect a financial adjustment.

(2) The Treasurer’s approval:

(a) may be in respect of a specified purpose, or of 1 or more specified authorities, or of a specified class of authorities, and

(b) may be otherwise specific or may be general, and

(c) may be on such terms and subject to such conditions as the Treasurer thinks fit.

(3) The Treasurer’s approval is required even though a financial adjustment is, or is effected in connection with, financial accommodation authorised under Part 2, a joint financing arrangement authorised under Part 2B, an investment authorised under Part 3 or for any other purpose.