Queensland Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 - SECT 53

Derivative transactions permitted only for certain statutory bodies

53 Derivative transactions permitted only for certain statutory bodies

(1) A statutory body may enter into a derivative transaction under this division—
(a) in its own name; or
(b) in the name of a person who, with the Treasurer’s approval, has been appointed in writing by the body as its agent for this division.
(2) The statutory body may enter into the derivative transaction only if—
(a) the body is prescribed, under a regulation, as a statutory body that may enter into derivative transactions; and
(b) the Treasurer’s approval has been given for the body to enter into the derivative transaction, or derivative transactions of the type concerned.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback