AustralAsia Railway Corporation (Investment) Regulations 2001 (NT)

NORTHERN TERRITORY OF AUSTRALIA

AUSTRALASIA RAILWAY CORPORATION (INVESTMENT) REGULATIONS 2000

As in force at 30 October 2002

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NORTHERN TERRITORY OF AUSTRALIA

As in force at 30 October 2002

AustralAsia Railway Corporation (Investment) regulations 2000

Regulations under the AustralAsia Railway Corporation Act 1996

1Citation

These Regulations may be cited as the AustralAsia Railway Corporation (Investment) Regulations 2000.

2Investment of project money

• (1)

  Money received by the Corporation for the purposes of the Project from the Commonwealth, the Territory or South Australia (project money) may be invested by the Corporation in accordance with this regulation until such time as the money is required to be paid to the successful consortium or re-paid to the Commonwealth, the Territory or South Australia.

• (2)

  The Corporation:

  • (a)

    may determine whether any, and if so what, amount of project money standing at credit in an ADI account of the Corporation is available for investment; and

  • (b)

    may invest that amount in the investments, and for the periods, determined by the Corporation.

• (3)

  The Corporation may only invest project money:

  • (a)

    in securities of or guaranteed by the Government of the Territory, the Commonwealth or a State or another Territory of the Commonwealth;

  • (b)

    in deposits, debentures, promissory notes or other securities of a statutory body the obligations of which are guaranteed by the Government of the Territory, the Commonwealth or a State or another Territory of the Commonwealth; or

  • (c)

    in deposits, debentures, promissory notes or other securities of a body corporate or an ADI that maintains minimum Standard & Poors credit ratings within the ranges of:

    • (i)

      long term (greater than 1 year) – AAA to A-; and

    • (ii)

      short term (up to 1 year) – A-1+ to A-1.

• (4)

  The Corporation:

  • (a)

    may deduct from money it receives as a result of an investment made under this regulation the costs and expenses it incurred in making the investment; and

  • (b)

    must:

    • (i)

      reinvest the balance of the money received; or

    • (ii)

      pay the balance of the money received into the ADI account from which the project money the subject of the investment was drawn.

    ENDNOTES  
  • 1

    KEY

  Key to abbreviations

   

  amd = amended od = order

  app = appendix om = omitted

  bl = by-law pt = Part

  ch = Chapter r = regulation/rule

  cl = clause rem = remainder

  div = Division renum = renumbered

  exp = expires/expired rep = repealed

  f = forms s = section

  Gaz = Gazette sch = Schedule

  hdg = heading sdiv = Subdivision

  ins = inserted SL = Subordinate Legislation

  lt = long title sub = substituted

  nc = not commenced

  • 2

    LIST OF LEGISLATION

AustralAsia Railway Corporation (Investment) Regulations (SL No. 62, 2000)
Notified	10 January 2001
Commenced	10 January 2001
Statute Law Revision (Financial Provisions) Act 2002 (Act No. 38, 2002)
Assent date	13 September 2002
Commenced	30 October 2002 (Gaz G43, 3 October 2002, p 3)

• 3

  GENERAL AMENDMENTS

General amendments of a formal nature (which are not referred to in the table of amendments to this reprint) are made by the Interpretation Legislation Amendment Act 2018 (Act No. 22, 2018) to: r 1.

• 4

  LIST OF AMENDMENTS

r 2                     amd Act No. 38, 2002, s 7