Public Authorities (Financial Arrangements) Act 1987 Public Authorities (Financial Arrangements) Amendment (NSW Lotteries Corporation) Regulation 1996 (1997-16) [GG No 7 of 17.1.1997, p 137] (NSW)

1997 No 16

New South Wales

Public Authorities (Financial

Arrangements) Amendment (NSW
Lotteries Corporation) Regulation

1996

under the

Public Authorities (Financial Arrangements) Act 1987

His Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Public Authorities (Financial

Arrangements) Act 1987.

Michael Egan

Treasurer

Explanatory note

The object of this Regulation is to confer on the New South Wales Lotteries Corporation the investment powers described in Part 2 of Schedule 4 to the Public Authorities (Financial Arrangements) Act 1987 in respect of the funds of, or under the control of, that Corporation.

This Regulation is made under the Public Authorities (Financial Arrangements) Act 1987, including sections 24 and 43 (the general regulation making power).

The New South Wales Lotteries Corporation will be constituted by the New South Wales Lotteries Corporation Act 1996 on the commencement of section 5 to that Act and New South Wales Lotteries will be dissolved on the commencement of section 4.

Published in Gazette No 7 of 17 January 1997, page 137 Page 1

1997 No 16

Clause 1 Public Authorities (Financial Arrangements) Amendment (NSW Lotteries Corporation) Regulation 1996

Public Authorities (Financial Arrangements)
Amendment (NSW Lotteries Corporation)

Regulation 1996

1 Name of Regulation

This Regulation is the Public Authorities (Financial

Arrangements) Amendment (NSW Lotteries Corporation)

Regulation 1996.

2 Commencement

This Regulation commences on 1 January 1997*.

3 Amendment of Public Authorities (Financial Arrangements) Regulation 1995

The Public Authorities (Financial Arrangements) Regulation

1995 is amended as set out in Schedule 1.

4 Notes

The explanatory note does not form part of this Regulation.

Schedule 1 Amendment

(Clause 3)

Schedule 2 Part 2 Investment Powers

Omit “New South Wales Lotteries”.

Insert instead “New South Wales Lotteries Corporation”.

* The regulation (statutory rule) appointed 1 January 1997 as the date of its
commencement. Pursuant to section 39 (2A) of the Interpretation Act 1987, the
regulation is not invalid merely because the regulation was published in the Gazette
after the day on which one or more of its provisions is or are expressed to take
effect, but provides, in that case, for that or those provisions to take effect from the
day on which the regulation is published in the Gazette, instead of from the earlier
day.