Western Australian Current Acts

WESTERN AUSTRALIAN TREASURY CORPORATION ACT 1986 - SECT 3

3 .         Terms used

        (1)         In this Act, unless the contrary intention appears —

        appointed director means a director appointed under section 5B(1)(d);

        authority means body corporate which —

            (a)         is constituted by or under a written law; and

            (b)         is empowered by or under a written law to borrow moneys,

        but does not include body corporate belonging to any of the classes of body corporate specified in Schedule 1;

        board means the board of directors provided for by section 5B;

        borrow includes —

            (a)         reborrow;

            (b)         obtain advances, credit or deposits; and

            (c)         arrange for financial accommodation,

        and lend shall be construed accordingly;

        chief executive officer means the person appointed as such under section 8;

        create , in relation to debt paper, includes issue and sell;

        debt paper means inscribed stock, bonds, debentures, debentures with coupons annexed, bills of exchange, promissory notes or other bearer securities, or other similar instruments evidencing indebtedness;

        director means a member of the board;

        financial institution means financial institution situated inside or outside Australia;

        interest rate includes coupon rate, discount rate and yield;

        the Account means the Western Australian Treasury Corporation Account referred to in section 17(1);

        the Corporation means the Western Australian Treasury Corporation established by section 5(1);

        the repealed Act means the Borrowings for Authorities Act 1981 ;

        Treasury means the department of the Public Service of which the Under Treasurer is the chief executive officer;

        Under Treasurer includes an acting Under Treasurer.

        (2)         The Governor may from time to time by order amend Schedule 1 by adding a class of body corporate to the classes of body corporate specified in Schedule 1.

        (3)         When Schedule 1 is amended under subsection (2), this Act continues to apply to any thing done under this Act before that amendment by or to or in relation to a body corporate belonging to the class of body corporate added by that amendment to the classes of body corporate specified in Schedule 1 as if that amendment had not been made.

        [Section 3 amended: No. 24 of 1992 s. 4; No. 25 of 1998 s. 5; No. 28 of 2006 s. 438.]