Public Authorities (Financial Arrangements) Amendment (Equity Index Options) Regulation 2016 (NSW)
New South Wales
Public Authorities (Financial Arrangements)
Amendment (Equity Index Options)
Regulation 2016
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.
GLADYS BEREJIKLIAN, MP
Treasurer
Explanatory note
The object of this Regulation is to prescribe equity index options (buy and close out held positions only) as a form of financial adjustment for the purposes of the Public Authorities (Financial Arrangements) Act 1987.
This Regulation is made under the Public Authorities (Financial Arrangements) Act 1987, including sections 5 (1) (u) and 43 (the general regulation-making power).
Public Authorities (Financial Arrangements) Amendment (Equity Index Options) Regulation 2016 [NSW]
Public Authorities (Financial Arrangements) Amendment (Equity
Index Options) Regulation 2016
under the
Public Authorities (Financial Arrangements) Act 1987
1 Name of Regulation
This Regulation is the Public Authorities (Financial Arrangements) Amendment
(Equity Index Options) Regulation 2016.
2 Commencement
This Regulation commences on the day on which it is published on the NSW legislation website.
3 Amendment of Public Authorities (Financial Arrangements) Regulation 2013
Clause 6A
Insert after clause 6:
6A Equity index option prescribed as financial adjustment For the purposes of section 5 (1) (u) of the Act, equity index options (buy and close out held positions only) are prescribed as transactions or arrangements that may be, or be a part of, a financial adjustment, but only in relation to financial adjustment effected by:
(a) the Treasury Corporation, or (b) the Workers Compensation (Dust Diseases) Authority, or (c) the Lifetime Care and Support Authority of New South Wales, or (d) Insurance and Care NSW, or (e) the Long Service Corporation, or (f) the NSW Self Insurance Corporation, or (g) the State Insurance Regulatory Authority, or (h) the NSW Trustee and Guardian, or (i) the Sporting Injuries Compensation Authority.
0
0
0