Public Authorities (Financial Arrangements) Act 1987 Public Authorities (Financial Arrangements) Amendment (OCA) Regulation 1999 (1999-150) [GG No 27 of 5.3.1999, p 1629] (NSW)

1999 No 150

New South Wales

Public Authorities (Financial

Arrangements) Amendment (OCA)

Regulation 1999

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, M.L.C.,

Treasurer

Explanatory note
The object of this Regulation is to confer additional investment powers on
the Olympic Co-ordination Authority to enable the Authority to make
investments on terms and conditions approved by the Treasurer in connection with the construction, alteration, enlargement or use (including
use after the Olympic Games) of the Olympic Stadium. An example of such
an investment is the provision of a subordinated loan facility to finance the
re-configuration of the Olympic Stadium to enable Australian Rules football

to be played there.

This Regulation is made under the Public Authorities (Financial

Arrangements) Act 1987, including clause 3 (f) of Schedule 4 and section 43

(the general regulation-making power).

Published in Gazette No 27 of 5 March 1999, page 1629 Page 1

1999 No 150

Clause Public Authorities (Financial Arrangements) Amendment (OCA) Regulation 1999

Public Authorities (Financial Arrangements)

Amendment (OCA) Regulation 1999

1 Name of Regulation

This Regulation is the Public Authorities (Financial

Arrangements) Amendment (OCA) Regulation 1999.

1. Amendment of Public Authorities (Financial Arrangements) Regulation 1995

The Public Authorities (Financial Arrangements) Regulation

1995 is amended as set out in Schedule 1.

3 Notes

The explanatory note does not form part of this Regulation.

Schedule 1 Amendment

(Clause 2)

Clause 51A

Insert after clause 51:

51A Additional investment powers of Olympic Co-ordination

Authority

The following additional investments are prescribed in respect of the Olympic Co-ordination Authority for the purposes of clause 3 (f) of Schedule 4 to the Act:

Any investment, made on terms and conditions approved by the Treasurer, in connection with the construction, alteration, enlargement or use (including use after the Olympic Games) of the Olympic Stadium at Homebush.