Public Authorities (Financial Arrangements) Act 1987 Regulation relating to the borrowing powers of the Sydney Organising Committee for the Olympic Games (1994-82) [GG No 44 of 11.3.1994] (NSW)

1994—No. 82

PUBLIC AUTHORITIES (FINANCIAL ARRANGEMENTS)

ACT 1987—REGULATION

(Relating to the borrowing powers of the Sydney Organising Committee for

the Olympic Games)

NEW SOUTH WALES

[Published in Gazette No. 44 of 11 March 1994]

HIS Excellency the Governor, with the advice of the Executive Council, 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 "Sydney Organising Committee for the Olympic Games".

EXPLANATORY NOTE

The object of this Regulation is to declare the Sydney Organising Committee for the Olympic Games 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 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.