Queensland Consolidated Acts
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STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 - SECT 2
Object of Act
2 Object of Act
(1) The object of this Act is to provide for the efficient and effective
management of the powers of statutory bodies to enter into financial
arrangements.
(2) The object is achieved by a coordinated and prudent
approach towards— (a) the guarantees the Treasurer may give, for the State,
for financial arrangements entered into by statutory bodies under this Act or
another Act; and
(b) the general banking powers, and the borrowing and
investment powers, of statutory bodies; and
(c) the way in which statutory
bodies may, with the Treasurer’s approval, enter into derivative
transactions, appoint funds managers and enter into other financial
arrangements.
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