Public Authorities (Financial Arrangements) Amendment (Prescribed Rating Agencies) Regulation 2004 (NSW)

2004 No 889

New South Wales

Public Authorities (Financial

Arrangements) Amendment
(Prescribed Rating Agencies)

Regulation 2004

under the

Public Authorities (Financial Arrangements) Act 1987

Her Excellency the 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 amend the Public Authorities (Financial Arrangements) Regulation 2000 to include Fitch Australia Pty Ltd as a prescribed rating agency for the purposes of Schedule 4 to the Public Authorities (Financial Arrangements) Act 1987.

This Regulation is made under the Public Authorities (Financial Arrangements) Act 1987, including section 43 (the general regulation-making power) and the definitions of eligible entity and eligible rating in clause 1 (1) of Schedule 4.

Published in Gazette No 204 of 24 December 2004, page 9684	Page 1
2004 No 889	Public Authorities (Financial Arrangements) Amendment (Prescribed Rating
Clause 1	Agencies) Regulation 2004

Public Authorities (Financial Arrangements)
Amendment (Prescribed Rating Agencies) Regulation

2004

under the

Public Authorities (Financial Arrangements) Act 1987

1      Name of Regulation

This Regulation is the Public Authorities (Financial Arrangements)
Amendment (Prescribed Rating Agencies) Regulation 2004.

2 Amendment of Public Authorities (Financial Arrangements) Regulation 2000

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

Public Authorities (Financial Arrangements) Amendment (Prescribed Rating	2004 No 889
Agencies) Regulation 2004
Amendments	Schedule 1
Schedule 1	Amendments

(Clause 2)

[1]      Clause 53 Prescribed rating agencies

Insert after clause 53 (b):

(c) Fitch Australia Pty Ltd.

[2]      Clause 54 Eligible entities

Insert after clause 54 (b):

(b1) “AAA”, “AA+”, “AA”, “AA-”, “A+” or “A” given by
Fitch Australia Pty Ltd,

[3]      Clause 54 (c)

Omit “or (b)” wherever occurring. Insert instead “, (b) or (b1)”.

[4]      Clause 55 Eligible ratings

Insert after clause 55 (b):

(b1) “AAA”, “AA+”, “AA”, “AA-”, “A+”, “A”, “F1+” or “F1”
given by Fitch Australia Pty Ltd,

[5]      Clause 55 (c)

Omit “or (b)” wherever occurring. Insert instead “, (b) or (b1)”.

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