Queensland Consolidated Acts

STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 - SECT 79

79 Interpretation for div 1

(1) In this division—

"amended provision" means a provision as in force from time to time before the commencement, that is amended by the schedule of the Statutory Bodies Financial Arrangements Amendment Act 1996 .

"commencement" means the commencement of this section.

"entity" means an entity that—

(a) was a statutory body under this Act as in force immediately before the commencement; or

(b) under an amended provision—was able to exercise powers under this Act as in force immediately before the commencement;

whether or not the entity is a statutory body under the post-amended Act.

"existing arrangement" means an arrangement entered into by an entity under the pre-amended Act, or an amended provision, and in effect immediately before the commencement, including, for example, a borrowing, financial arrangement, guarantee given by the entity, investment and overdraft facility.

"existing authority" means an authority under the pre-amended Act, or an amended provision, relating to the entity for a financial arrangement entered into by the entity, that is an authority in force immediately before the commencement including, for example, an approval, direction, exemption from stamp duty and sanction.

"existing guarantee" means a guarantee under the pre-amended Act, that applied to the obligations of an entity immediately before the commencement, and includes a guarantee made under the Local Bodies’ Loans Guarantee Act 1923 if it applied to the obligations of an entity immediately before the commencement.

"guarantee under another Act" , in relation to an entity, means a guarantee under an amended provision, that was given by or for the State and applied to the obligations of the entity immediately before the commencement.

"post-amended Act" means this Act after the commencement.

"pre-amended Act" means this Act as in force, from time to time, before the commencement.

"unchanged Act" , in relation to an amended provision, means the Act of which the provision is or was part, as in force immediately before the amendment of the provision commences.

(2) A reference to an existing arrangement or authority includes an arrangement or authority that was, under the pre-amended Act or an amended provision, the subject of a savings, transitional or validating provision in relation to a financial arrangement (whether or not the provision is expressed to be made for a purpose of that type) if the savings, transitional or validating provision applied to the arrangement or authority immediately before the commencement.

Examples of savings, transitional or validating provisions—

sections 25A , 27 (2) , (4) and (5) , 28 (4) and (5) and 40 (4) of this Act as in force immediately before the commencement