Public Authorities (Financial Arrangements) Amendment (Sydney Water Corporation) Regulation 2006 (NSW)

2006 No 51

New South Wales

Public Authorities (Financial

Arrangements) Amendment (Sydney

Water Corporation) Regulation 2006

under the

Public Authorities (Financial Arrangements) Act 1987

Her Excellency the Governor, with the advice of the Executive Council, and on the recommendation of the Minister for Finance and the Minister for Utilities, has made the following Regulation under the Public Authorities (Financial Arrangements) Act 1987.

MICHAEL COSTA, M.L.C.,

Minister for Finance

Explanatory note
The Public Authorities (Financial Arrangements) Regulation 2005 provides that an authority referred to in Schedule 3 to that Regulation is declared to have the investment powers described in Part 3 of Schedule 4 to the Public Authorities (Financial Arrangements) Act 1987 (the Act). Sydney Water Corporation is currently such an authority.
The object of this Regulation is to amend the Public Authorities (Financial Arrangements) Regulation 2005 to upgrade the investment powers of Sydney Water Corporation, in respect of certain funds, from the investment powers described in Part 3 of Schedule 4 to the Act to the investment powers described in Part 4 of Schedule 4 to the Act. The investment powers described in Part 4 of Schedule 4 to the Act are more extensive than those described in Part 3 of Schedule 4 to the Act.

This Regulation is made under the Public Authorities (Financial Arrangements) Act 1987, including sections 24 and 43 (the general regulation-making power).

Published in Gazette No 23 of 17 February 2006, page 830	Page 1
2006 No 51	Public Authorities (Financial Arrangements) Amendment (Sydney Water
Clause 1	Corporation) Regulation 2006

Public Authorities (Financial Arrangements)
Amendment (Sydney Water Corporation) Regulation

2006

under the

Public Authorities (Financial Arrangements) Act 1987

1      Name of Regulation

This Regulation is the Public Authorities (Financial Arrangements)
Amendment (Sydney Water Corporation) Regulation 2006.

2 Amendment of Public Authorities (Financial Arrangements) Regulation 2005

The Public Authorities (Financial Arrangements) Regulation 2005 is amended as set out in Schedule 1.

Public Authorities (Financial Arrangements) Amendment (Sydney Water	2006 No 51
Corporation) Regulation 2006
Amendments	Schedule 1
Schedule 1	Amendments

(Clause 2)

[1]      Schedule 3 Authorities having Part 3 investment powers

Insert “(except for such funds in respect of Sydney Water Corporation as are referred to in Schedule 4)” after “Sydney Water Corporation”.

[2]      Schedule 4 Authorities having Part 4 investment powers

Insert in alphabetical order:

Sydney Water Corporation, in respect of such funds of or under the control of
Sydney Water Corporation as are determined by the Treasurer

BY AUTHORITY