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ELECTRICITY NETWORK ASSETS (AUTHORISED TRANSACTIONS) ACT 2015 - SECT 52
Functions of New South Wales Treasury Corporation
52 Functions of New South Wales Treasury Corporation
(1) New South Wales Treasury Corporation (
"TCorp" ) has the object of providing financial services for the purposes of
an authorised transaction at the direction of the Treasurer.
(2) The
Treasurer may direct TCorp to do any one or more of the following for the
purposes of an authorised transaction on terms and conditions determined by
the Treasurer-- (a) provide borrowings (including by the lending of money) to
or for the benefit of a private sector entity,
(b) effect a derivative
arrangement for the benefit of or on behalf of a private sector entity,
(c)
participate in any other arrangement or transaction approved by the Treasurer
for the purposes of an authorised transaction.
(3) TCorp is authorised and
required to comply with a direction of the Treasurer under this section.
(4)
Words and expressions used in this section that are defined in the
Government Sector Finance Act 2018 have the same meanings as in that Act.
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