Public Finance and Audit Act 1983 Regulation relating to payment of dividends of statutory authorities to the Consolidated Fund (1990-332) [GG No 76 of 15.6.1990] (NSW)

1990 - NO. 332

PUBLIC FINANCE AND AUDIT ACT 1983 - REGULATION

(Relating to payment of dividends of statutory

authorities to the Consolidated Fund)

NEW SOUTH WALES

[Published in Gazette No. 76 of 15 June 1990]

HIS Excellency the Governor, with the advice of the Executive Council, and in pursuance of the Public Finance and Audit Act 1983, has been pleased to make the Regulation set forth hereunder.

GARRY WEST

for Premier and Treasurer.

The Public Finance and Audit Regulation 1984 is amended by

omitting clause 5 and by inserting instead the following clause:

Statutory authorities liable to pay dividends to Consolidated Fund

5. For the purposes of section 59B of the Act, the statutory

authorities specified in Schedule 2 to the Act are prescribed.

EXPLANATORY NOTE

Section 59B of the Public Finance and Audit Act provides that the Treasurer may require a prescribed statutory authority to pay to the Consolidated Fund such amount by way of dividend as the Treasurer determines. The object of this Regulation is to prescribe the statutory authorities specified in Schedule 2 to that Act as authorities for the purposes of that section.