New South Wales Consolidated Acts

TREASURY CORPORATION ACT 1983 - SECT 6A

6A Examples of activities in which the Corporation can engage

(1) The activities in which the Corporation can engage include the following:

(a) it can provide the Government, a public authority or any other public body with financial accommodation on such terms and conditions as the Corporation considers appropriate,

(b) it can act as agent for the Government, a public authority or any other public body in obtaining financial accommodation, effecting a financial adjustment or entering into a joint financing arrangement under the funding Act or any other Act,

(c) it can appoint and employ a person (including a public authority or other public body) as agent for the purpose of exercising any power of the Corporation,

(d) it can by agreement with the Government assume any liability incurred by the Government in relation to finance obtained by the Government,

(e) it can invest funds of or under the control of the Corporation,

(f) it can require the Government, a public authority or any other public body to pay to the Corporation such fees as the Corporation considers appropriate for the performance of its functions,

(g) it can assume the responsibility of the Government, a public authority or any other public body for the administration of any matter relating to financial accommodation, financial adjustments or joint financing arrangements,

(h) it can accept money for investment from the Government and from public authorities and other public bodies,

(i) it can aggregate or divide, in such manner as it considers appropriate, any funds obtained by it for the purpose of providing financial accommodation to the Government, public authorities and other public bodies,

(j) it can redeem any securities issued by the Corporation and hold, cancel or re-issue any such securities,

(k) it can manage the liabilities and assets of the Corporation having regard to current situations and possible eventualities,

(l) it can carry out, participate in, and give advice concerning, the management of the liabilities and assets of the Government, public authorities and other public bodies,

(m) it can enter into a contract of guarantee,

(n) it can do anything that may be necessary or convenient to be done for the purpose of pursuing its objects.

(2) This section is not to be read as in any way limiting the functions of the Corporation.