New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 6.31

6.31 Payments by Government for certain financial arrangements if GSF agency prevented

(1) The State may, in relation to any borrowing or derivative arrangement for a GSF agency, agree to make a payment under the borrowing or derivative arrangement even though the agency may be prevented from doing so by law.

(2) The Treasurer may act on behalf of the State for the purposes of entering an agreement under this section and the Treasurer (or a person appointed by the Treasurer) may execute any relevant document relating to the agreement.