Queensland Consolidated Acts

HOSPITAL FOUNDATIONS ACT 2018 - SECT 52

52 Definitions for part

In this part—

"derivative transactions" means transactions entered into for—

(a) managing or varying financial returns or financial or currency risks, including, for example, risks associated with the volatility of currency exchange, interest and discount rates; or

(b) returning gains, or avoiding losses, by reference to financial or currency obligations or the movement of currency exchange, interest and discount rates or commodity prices.

Examples—

1 forward agreements, including, for example, forward bill agreements, forward commodity agreements, forward exchange agreements and forward rate agreements

2 futures contracts for bills, bonds, commodities, shares and the share price index

3 options, whether exchange traded or over-the-counter, including, for example, options on bonds, caps, collars, currencies, floors, interest rates and swaps

4 swaps, including, for example, commodity, CPI linked, currency exchange, equity linked and interest rate swaps

(a) acquiring the whole or a part of a business;

(b) entering into a joint venture or partnership;

(c) acquiring or issuing bonds, debentures, inscribed stock, shares, stock or other securities;

(d) acquiring foreign currency;

(e) funding a prize to a person or entity, whether the prize is money or other property, if the value of the prize is equal to or more than the amount prescribed by regulation or, if no amount is prescribed, $5,000;

Example—

sponsoring a prize for excellence in nursing or clinical practice

(f) disposing of land, an interest in land or a building.