New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 6.25

6.25 Derivative arrangements by New South Wales Treasury Corporation

(1) The New South Wales Treasury Corporation is permitted--

(a) to enter into derivative arrangements for or on behalf of the State for the purpose of managing the State's financial risks, and

(b) to enter into a derivative arrangement for or on behalf of a GSF agency if the arrangement is authorised, and

(c) to enter into derivative arrangements for or on behalf of a GSF agency for the purposes of managing the funds, balance sheets or financial risks of the agency.

Note--: This section operates to authorise these kinds of derivative arrangements without the need for a financial arrangement approval. See section 6.22 (2) (a).

(2) The Treasurer's directions and the regulations may make provision for or with respect to the kinds of derivative arrangements that the New South Wales Treasury Corporation is permitted to enter into under the authority of this section.