New South Wales Consolidated Acts

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PUBLIC AUTHORITIES (FINANCIAL ARRANGEMENTS) ACT 1987 - SECT 5A

Meaning of joint financing arrangement

5A Meaning of joint financing arrangement

In this Act, a reference to a joint financing arrangement is a reference to an arrangement entered into by an authority with a person, for the purpose of the exercise of the authority’s functions and in respect of infrastructure or other capital assets, if the arrangement is one of the following:

(a) an arrangement under which the person acquires assets (including by lease or purchase) from the authority, a third party or a combination of the two, and uses them for the exercise of a function of the authority,
(b) an arrangement under which the person constructs assets and uses them for the exercise of a function of the authority,
(c) an arrangement described in paragraph (a) or (b), coupled with a transfer or reversion of the assets to the authority,
(d) an arrangement approved by the Treasurer or prescribed by the regulations.



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