New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 6.24

6.24 Borrowings to be obtained from New South Wales Treasury Corporation

(1) Despite any other provisions of this Act, borrowings for GSF agencies must be obtained from the New South Wales Treasury Corporation except if--

(a) the New South Wales Treasury Corporation does not provide borrowings of the kind concerned, or

(b) the borrowings are obtained by the New South Wales Treasury Corporation or the Treasurer (including when they are obtained for or on behalf of the State or GSF agencies), or

(c) the borrowings are obtained in accordance with an approval given under this section.

(2) To avoid doubt, the New South Wales Treasury Corporation is permitted, without the need for a further financial arrangements approval or other authorisation, to obtain borrowings for a GSF agency that the agency is authorised to obtain.

(3) The Treasurer may give written approval for borrowings of a specified kind to be obtained from specified entities.

(4) The Treasurer may, by a written notice, revoke or vary an approval for a borrowing.