PUBLIC AUTHORITIES (FINANCIAL ARRANGEMENTS) ACT 1987 - As at 1 December 2018 - Act 33 of 1987

Table of Provisions

• Long Title

PART 1 - PRELIMINARY

• 1 Name of Act
• 2 Commencement
• 2A Principal purpose of Act
• 2B Exclusive operation of Act
• 2C Relationship with other Acts
• 3 Definitions
• 4 Meaning of obtaining financial accommodation
• 5 Meaning of effecting a financial adjustment
• 5A Meaning of joint financing arrangement
• 5B Meaning of portfolio Minister

PART 2 - FINANCIAL ACCOMMODATION

Division 1 - Interpretation

Division 2 - Powers of authorities

• 7 Governor's approval to financial accommodation
• 8 Power to obtain financial accommodation
• 8A Special provisions relating to ownership of buildings, structures or other fixtures
• 9 Treasury advances
• 10 Provision of financial accommodation from Treasury Corporation
• 11 General powers in relation to obtaining financial accommodation
• 12 Provisions relating to authorities which obtain financial accommodation

Division 3 - Protection of lenders

• 13 Treasurer's approval as evidence
• 14 Application of financial accommodation

Division 4 - Inter-agency financial accommodation

• 14A Inter-agency loans within same ministerial portfolio
• 14B Application of Act to inter-agency loans within same portfolio
• 14C Other Acts not affected

PART 2A - FINANCIAL ADJUSTMENTS

• 16 Financial adjustments
16A. (Repealed)
• 17 General powers in relation to effecting financial adjustments
• 18 Treasurer's approval as evidence

PART 2B - JOINT FINANCING ARRANGEMENTS

• 20 Power to enter joint financing arrangements
• 21 Treasurer's approval

PART 2C - GUARANTEES

• 22A Statutory guarantee
• 22AA Statutory guarantee of performance
• 22B Discretionary guarantees
• 22C Statutory charge
• 22D Guarantee fee
• 22E Other payments by Government
• 22F Treasurer may enter into and execute guarantee etc on behalf of Government
• 22G Priorities
• 22H Recovery of money paid under guarantee or agreement
• 22I Appropriation

PART 2D - JOINT VENTURES

• 22J Definition
• 22K Meaning of joint venture
• 22L Restriction on joint ventures

PART 3 - INVESTMENT

• 24 Investment powers of authorities
• 25 Funds managers
• 26 Power of certain authorities to act as funds manager
27. (Repealed)
• 28 Part not to apply in certain cases
• 28A General powers in relation to investments

PART 4 - NEW SOUTH WALES CAPITAL WORKS FINANCING CORPORATION

• 29 Definitions
• 30 Financing Corporation
• 31 Functions of Financing Corporation
• 32 Seal of Financing Corporation
• 33 Staff
• 34 Financing Corporation Account
• 35 Financial year of Corporation
• 36 Deposit of funds
• 37 Amounts payable by Corporation

PART 4A - CONTROLLED ENTITIES

• 37A Controlled entities

PART 5 - MISCELLANEOUS

• 38 Exemption from duty
• 39 Trustee investment etc
• 40 Delegation of Treasurer's functions
• 41 Repeals
• 42 Savings and transitional provisions
• 43 Regulations
• 44 Validation of certain financial adjustments
• 45 Exercise of functions by authorities that are not corporations
• 46 Transitional provisions applying to entities that become authorities
• 47 Transitional provisions applying to entities that cease to be authorities
Schedule 1 (Repealed)
• SCHEDULE 2
Schedule 3 (Repealed)
• SCHEDULE 4
• SCHEDULE 5
• SCHEDULE 6