New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 6.11

6.11 Joint financing arrangements

(1) A
"joint financing arrangement" is any one of the following arrangements entered into by one entity (the
"principal entity" ) with another entity (the
"secondary entity" ), for the purpose of the exercise of the principal entity's functions and in respect of infrastructure or other capital assets--

(a) an arrangement under which the secondary entity acquires assets (including by lease or purchase) from the principal entity, a third party or a combination of the two, and uses them for the exercise of a function of the principal entity,

(b) an arrangement under which the secondary entity constructs assets and uses them for the exercise of a function of the principal entity,

(c) an arrangement described in paragraph (a) or (b), coupled with a transfer or reversion of the assets to the principal entity,

(d) any other arrangement (or arrangement of a kind) prescribed by the regulations as a joint financing arrangement.

(2) However, a
"joint financing arrangement" does not include any arrangement (or arrangement of a kind) prescribed by the regulations not to be a joint financing arrangement.