New South Wales Consolidated Regulations

PUBLIC AUTHORITIES (FINANCIAL ARRANGEMENTS) REGULATION 2005 - REG 5

5 Entities excluded from definition of “authority”

(1) The entities listed in Part 2 of Schedule 1 are prescribed as not being within the definition of "authority" in section 3 (1) of the Act.

(2) The prescribing of any such entity is subject to any limitation specified in Part 2 of Schedule 1 in relation to that authority.

(3) The exclusion of an entity from the definition of "authority" in section 3 (1) of the Act does not affect any guarantee relating to a financial arrangement that was entered into under the Act by the entity, or any other right or liability that arose under any such financial arrangement, before the exclusion of that entity from that definition.

(4) An entity that is prescribed as not being within the definition of "authority" in section 3 (1) of the Act for the purposes of a provision of the Act that confers or imposes any function on an authority is also prescribed as not being within the definition of "authority" in section 3 (1) of the Act for the purposes of section 2B of the Act in relation to the exercise of that function by the entity.