Public Authorities (Financial Arrangements) Act 1987 Public Authorities (Financial Arrangements) Amendment (Olympic Co-ordination Authority) Regulation 2002 (2002-216) [GG No 69 of 5.4.2002, p 2145] (NSW)

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2002 No 216

Public Authorities (Financial New South Wales

Arrangements) Amendment (Olympic

Co-ordination Authority)

Regulation 2002

under the

Public Authorities (Financial Arrangements) Act 1987

His Excellency the Lieutenant-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 expand the investment powers of the Olympic Co-ordination Authority by giving it the power to make any investment in connection with the sale and financing of the Olympic Media Village.

This Regulation is made under the Public Authorities (Financial Arrangements) Act 1987, including section 43 (the general regulation-making power) and clause 3 (f) of Schedule 4.

Published in Gazette No 69 of 5 April 2002, page 2145 Page 1
[4]
2002 No 216
Clause 1 Public Authorities (Financial Arrangements) Amendment (Olympic
Co-ordination Authority) Regulation 2002

Public Authorities (Financial Arrangements)
Amendment (Olympic Co-ordination Authority)
Regulation 2002

1     Name of Regulation

This Regulation is the Public Authorities (Financial Arrangements)

Amendment (Olympic Co-ordination Authority) Regulation 2002.

2 Amendment of Public Authorities (Financial Arrangements)

Regulation 2000

The Public Authorities (Financial Arrangements) Regulation 2000 is amended as set out in Schedule 1.

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2002 No 216

Public Authorities (Financial Arrangements) Amendment (Olympic

Co-ordination Authority) Regulation 2002

Amendment Schedule 1
Schedule 1 Amendment

(Clause 2)

Clause 51

Omit the clause. Insert instead:

51 Additional investment powers of Olympic Co-ordination

Authority

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

(a)

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,

(b)

any investment, made on terms and conditions approved by the Treasurer, in connection with the sale and financing of the Olympic Media Village.

BY AUTHORITY

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