Public Authorities (Financial Arrangements) Act 1987 Regulation relating to the borrowing powers of the Luna Park Reserve Trust (1994-3) [GG No 8 of 7.1.1994] (NSW)

1994—No. 3

PUBLIC AUTHORITIES (FINANCIAL ARRANGEMENTS)

ACT 1987—REGULATION

(Relating to the borrowing powers of the Luna Park Reserve Trust)

NEW SOUTH WALES

[Published in Gazette No. 8 of 7 January 1994]

HIS Excellency the Governor, with the advice of the Executive Council, and on the recommendation of the Treasurer, and in pursuance of the Public Authorities (Financial Arrangements) Act 1987, has been pleased to make the Regulation set forth hereunder.

PETER COLLINS
Treasurer.

The Public Authorities (Financial Arrangements) General Regulation 1990 is amended by inserting in clause 4 in alphabetical order of authorities the words “Luna Park Reserve Trust”.

EXPLANATORY NOTE

The object of this Regulation is to declare the Luna Park Reserve Trust to be an authority for the purposes of Part 2 (Financial accommodation) of the Public Authorities (Financial Arrangements) Act 1987. That Part deals with the ways in which certain public authorities may (for the purpose of exercising their functions, and in accordance with the written approval of the Treasurer) obtain financial accommodation. They may, for example, obtain Treasury advances, or enter into contracts, agreements or other transactions with other persons or bodies.

This Regulation is made under the Public Authorities (Financial Arrangements) Act 1987. including section 6.