New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 6.28

6.28 Statutory charge on income or revenue for payments under certain financial arrangements

(1) Payments or repayments that are due under a borrowing or derivative arrangement for a GSF agency (including interest and other charges due under the borrowing or derivative arrangement) operate as charges on the income and revenue of the agency regardless of its source.

(2) However, a charge imposed by this section on the income and revenue of a GSF agency does not operate to prevent the agency from dealing, in the ordinary course of the exercise of its functions, with its income and revenue free of the charge.