Western Australian Consolidated Acts Western Australian Consolidated Acts (1) A port authority
may, for the purpose of managing, limiting or reducing perceived risks or
anticipated costs in connection with the exercise of any power conferred by
section 85 —
(a)
enter into an agreement or arrangement to effect any of the following
transactions —
(i)
a foreign exchange transaction;
(ii)
a forward foreign exchange transaction;
(iii)
a currency swap;
(iv)
a forward currency swap;
(v)
a foreign currency cap, a foreign currency collar or a
foreign currency floor;
(vi)
a forward interest rate agreement;
(vii)
an interest rate swap;
(viii)
a forward interest rate swap;
(ix)
an interest rate cap, an interest rate collar or an
interest rate floor;
(x)
an option for interest rate or currency management
purposes;
(xi)
a futures contract or a futures option; or
(xii)
a transaction of such other class as is approved in
writing by the Minister, with the Treasurer’s concurrence, as a class of
transactions to which this paragraph applies;
or
(b)
enter into an agreement or arrangement to effect any transaction which is a
combination of —
(i)
2 or more transactions permitted under
paragraph (a); or
(ii)
one or more transactions permitted under
paragraph (a) and one or more transactions permitted under
section 85.
(2) In
subsection (1)(a) —
interest rate includes coupon rate, discount rate
and yield.
[Section 87 amended by No. 10 of 2001
s. 158; No. 21 of 2003 s. 19.]