Queensland Consolidated Acts

STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 - SECT 80

80 Existing arrangements, existing authorities and guarantees under other Acts

(1) This section applies to the following—

(a) an existing arrangement entered into by an entity;

(b) an existing authority in relation to an entity;

(c) a guarantee under another Act in relation to an entity.

(2) The arrangement, authority or guarantee continues to have effect after the commencement.

(3) If the arrangement or authority was under the pre-amended Act, this Act as in force immediately before the commencement continues to apply to the arrangement or authority.

(4) If the arrangement, authority or guarantee was under an amended provision, the unchanged Act continues to apply to the arrangement, authority or guarantee.

(5) Despite subsections (2) to (4) , the arrangement, authority or guarantee may not be amended under this Act as in force immediately before the commencement or under the unchanged Act.

(6) However, the arrangement, authority or guarantee may be dealt with as if it were—

(a) for the arrangement—another financial arrangement approved by the Treasurer for part 7, division 3; or

(b) for the authority—an approval by the Treasurer under part 9, division 3; or

(c) for the guarantee—a guarantee under section 16 ;

even if the arrangement, authority or guarantee is not a type of matter that, except for this division, may be dealt with under this Act, or the entity is not a statutory body under this Act.

(7) Also, this section is subject to a specific provision under this division about an existing arrangement, existing authority or guarantee under another Act.