Public Authorities (Financial Arrangements) Act 1987 Regulation relating to the investment powers of the University of Newcastle (1995-187) [GG No 60 of 19.5.1995] (NSW)

1995—No. 187

PUBLIC AUTHORITIES (FINANCIAL ARRANGEMENTS)

ACT 1987—REGULATION

(Relating to the investment powers of the University of Newcastle)

NEW SOUTH WALES

[Published in Gazette No. 60 of 19 May 1995]

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

Michael Egan

Treasurer.

The Public Authorities (Financial Arrangements) Investment Powers

Regulation 1990 is amended:

(a)	by omitting from Schedule 2 the words “University of
Newcastle” ;
(b)

by inserting in Schedule 4, in alphabetical order, the following University of Newcastle

*Published in error, has no effect. See Gazette No. 57 of 12.5.1995. p. 2352.

1995—No. 187

EXPLANATORY NOTE

The object of this Regulation is to confer on the University of Newcastle the unlimited power of investment described in Part 4 of Schedule 4 to the Public Authorities (Financial Arrangements) Act 1987. Currently, the University of Newcastle

may only exercise the limited powers of investment described in Part 2 of that Schedule.

This Regulation is made under the Public Authorities (Financial Arrangements) Act

1987, including section 24.