Western Australian Consolidated Acts

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WATER CORPORATION ACT 1995 - SECT 82

82 .         Hedging transactions

        (1)         The corporation may in connection with the exercise of any power conferred by section 80 — 

            (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 concurrence of the Treasurer, 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 80.

        (2)         In subsection (1)(a) — 

        interest rate includes coupon rate, discount rate and yield.

        [Section 82 amended by No. 10 of 2001 s. 206; No. 21 of 2003 s. 35.]



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