Public Finance and Audit Act 1983 Public Finance and Audit Amendment (Hour-Glass Investment Facility) Regulation 2002 (2002-1005) [GG No 263 of 20.12.2002, p 10817] (NSW)

2002 No 1005

New South Wales

Public Finance and Audit Amendment

(Hour-Glass Investment Facility)

Regulation 2002

under the

Public Finance and Audit Act 1983

Her Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Public Finance and Audit Act 1983.

MICHAEL EGAN, M.L.C.,

Treasurer

Explanatory note
The object of this Regulation is to amend the Public Finance and Audit Regulation 2000 to provide that deposits with the New South Wales Treasury Corporation, a prescribed investment for the purposes of section 20 (e) of the Public Finance and Audit Act 1983, include investments in an Hour-Glass investment facility.

This Regulation is made under the Public Finance and Audit Act 1983, including sections 20 and 64 (the general regulation-making power).

Published in Gazette No 263 of 20 December 2002, page 10817	Page 1
2002 No 1005	Public Finance and Audit Amendment (Hour-Glass Investment Facility)
Clause 1	Regulation 2002

Public Finance and Audit Amendment (Hour-Glass

Investment Facility) Regulation 2002

under the

Public Finance and Audit Act 1983

1      Name of Regulation

This Regulation is the Public Finance and Audit Amendment (Hour-
Glass Investment Facility) Regulation 2002.

2 Amendment of Public Finance and Audit Regulation 2000

The Public Finance and Audit Regulation 2000 is amended as set out in Schedule 1.

Page 2

Public Finance and Audit Amendment (Hour-Glass Investment Facility)	2002 No 1005
Regulation 2002
Amendment	Schedule 1
Schedule 1 Amendment

(Clause 2)

Clause 16 Prescribed investments

Omit clause 16 (1) (i). Insert instead:

(i)     depositswiththeNewSouthWalesTreasury Corporation, including investments in an Hour-Glass investment facility of the Treasury Corporation (being a unit trust scheme within the meaning of the Duties Act 1997),

BY AUTHORITY

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