New South Wales Consolidated Acts

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

5B Meaning of portfolio Minister

(1) In this Act, a reference to the "portfolio Minister" of an entity (including an authority) is a reference to:

(a) subject to paragraphs (b), (c) and (d)-the Minister who solely or jointly administers the legislation under which the entity is established or regulated, or

(b) in the case of a statutory State owned corporation-the portfolio Minister of the corporation (under section 20I of the State Owned Corporations Act 1989 ), or

(c) in the case of a company State owned corporation-the Minister who is designated by the Treasurer as the portfolio Minister of the corporation (under subsection (2)), or

(d) in the case of an entity that is controlled by an authority-the Minister who is the portfolio Minister of the authority under another paragraph of this subsection.

(2) The Treasurer may, by order published in the Gazette, designate a Minister as the portfolio Minister of a company State owned corporation for the purposes of this Act.