New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 6.35

6.35 Funds managers for GSF agencies

(1) A GSF agency that wishes to engage a funds manager in relation to the management of some or all of its financial arrangements must engage the New South Wales Treasury Corporation to do so except if the Treasurer gives written approval under this section for another entity to act as the funds manager.

(2) The Treasurer may give written approval (a
"funds manager approval" ) for a GSF agency to engage an entity other than the New South Wales Treasury Corporation to act as a funds manager in relation to the management of some or all of its financial arrangements.

(3) A funds manager approval may be given only on the recommendation of the responsible Minister for the GSF agency.

(4) A funds manager approval is subject to any terms and conditions--

(a) specified in the approval or the Treasurer's directions, or

(b) prescribed by the regulations.

(5) A funds manager approval may be revoked or varied by the Treasurer by a written notice given to the GSF agency.