New South Wales Consolidated Regulations

PUBLIC AUTHORITIES (FINANCIAL ARRANGEMENTS) REGULATION 2005 - REG 55A

55A Joint ventures

(1) Activities that are joint ventures For the purposes of section 22K of the Act (but subject to subclause (2)), an activity of a commercial nature that:

(a) is entered into for the purposes of profit or gain, and

(b) is carried on jointly by an authority and another person, and

(c) involves a range of technical, managerial and financial resources or other assets in the form of jointly controlled operations, assets and entities (either within or outside of Australia, or both),

is prescribed as an activity that is within that section.

(2) Excluded activities For the purposes of section 22K of the Act, the following activities are prescribed as not being within that section (but only if the activity is carried on in New South Wales or is related to an activity carried on in New South Wales):

(a) an activity carried on by 2 or more authorities but with no other person involved,

(b) an activity carried on by an authority and an agency of the Commonwealth or of another State or Territory but with no other person involved.