Statutory Bodies Financial Arrangements Amendment Regulation (No. 1) 1998 (Qld)

Queensland Subordinate Legislation 1998 No. 312 Statutory Bodies Financial Arrangements Act 1982 STATUTORY BODIES FINANCIAL ARRANGEMENTS AMENDMENT REGULATION (No. 1) 1998 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 Insertion of new s 2A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2A Entities that are not statutory bodies—Act, s 6(1)(j) . . . . . . . . . . . . 3 4 Amendment of s 3 (Statutory bodies that may borrow under pt 5—Act, s 33) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5 Amendment of s 5 (Category 1 investment power—prescribed rating for investment arrangement—Act, s 44(1)(e)) . . . . . . . . . . . . . . . . . . 3 6 Amendment of s 6 (Category 2 investment power—prescribed rating for investment arrangement—Act, s 45(c)) . . . . . . . . . . . . . . . . . . . . 4 7 Amendment of sch 1 (Statutory bodies that may borrow under part 5 of the Act) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 8 Insertion of new sch 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 SCHEDULE 1 ENTITIES THAT ARE NOT STATUTORY BODIES 9 Amendment of sch 2 (Statutory bodies allocated category 1 investment power) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 10 Amendment of sch 3 (Statutory bodies allocated category 2 investment power) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

2 Statutory Bodies Financial Arrangements Amendment (No. 1) No. 312, 1998 11 Amendment of sch 4 (Statutory bodies allocated category 3 investment power) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 12 Repeals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

s1 3 s5 Statutory Bodies Financial Arrangements Amendment (No. 1) No. 312, 1998 ˙ Short title 1. This regulation may be cited as the Statutory Bodies Financial Arrangements Amendment Regulation (No. 1) 1998 . ˙ Regulation amended 2 . This regulation amends the Statutory Bodies Financial ArrangementsRegulation 1997 . ˙ Insertion of new s 2A 3. After section 2— insert — ˙ ‘ Entities that are not statutory bodies—Act, s 6(1)(j) ‘ 2A. For section 6(1)(j) 1 of the Act, the entities set out in schedule 1 are declared not to be statutory bodies.’. ˙ Amendment of s 3 (Statutory bodies that may borrow under pt 5—Act, s 33) 4. Section 3(1), ‘schedule 1’— omit, insert — ‘schedule 1A’. ˙ Amendment of s 5 (Category 1 investment power—prescribed rating for investment arrangement—Act, s 44(1)(e)) 5. Section 5(1)— omit, insert — ‘ 5. For section 44(1)(e) 2 of the Act, the rating prescribed for an 1 Section 6 (Entities that are not statutory bodies) 2 Section 44 (Category 1 investment power)

s6 4 s7 Statutory Bodies Financial Arrangements Amendment (No. 1) No. 312, 1998 investment arrangement is— (a) a rating by Fitch IBCA (Australia) Pty Limited of F1+ or F1; or (b) a rating by Moody’s Investors Service of Prime-1 (P-1); or (c) a rating by Standard and Poor’s (Australia) Pty Ltd of A-1+, A-1, AAm or AAAm.’. ˙ Amendment of s 6 (Category 2 investment power—prescribed rating for investment arrangement—Act, s 45(c)) 6. Section 6(1) and (2)— omit, insert — ‘ 6.(1) For section 45(c) 3 of the Act, the rating prescribed for an investment arrangement is— (a) a rating by Fitch IBCA (Australia) Pty Limited of AA, AA+ or AAA; or (b) a rating by Moody’s Investors Service of Aa2, Aa1 or Aaa; or (c) a rating by Standard and Poor’s (Australia) Pty Ltd of AA, AA+ or AAA. ‘ (2) A rating mentioned in subsection (1)(b) is not prescribed for an investment arrangement if it applies to a bond mutual fund.’. ˙ Amendment of sch 1 (Statutory bodies that may borrow under part 5 of the Act) 7.(1) Schedule 1, ‘ Coal Industry (Control) Act 1948 ’, ‘Queensland Coal Board’, ‘ Eagle Farm Racecourse Act 1993 ’, ‘Trustees of Eagle Farm Racecourse’, ‘ James Cook University of North Queensland Act 1970 ’, ‘James Cook University of North Queensland’, ‘ Legal Aid Act 1978 ’, ‘Legal Aid Commission of Queensland’, ‘ Queensland Cultural Centre Trust Act 1976 ’ and ‘Queensland Cultural Centre Trust’— omit . 3 Section 45 (Category 2 investment power)

s8 5 s8 Statutory Bodies Financial Arrangements Amendment (No. 1) No. 312, 1998 (2) Schedule 1— insert — ‘ James Cook University Act 1997 James Cook University Legal Aid Queensland Act 1997 Legal Aid Queensland’. (3) Schedule 1, ‘Sugar Experiment Stations Board’— omit, insert — ‘Bureau of Sugar Experiment Stations’. (4) Schedule 1, ‘ University of Queensland Act 1965 ’— omit, insert — ‘ University of Queensland Act 1997 ’. (5) Schedule 1— renumber as schedule 1A. ˙ Insertion of new sch 1 8. Before schedule 1A (as renumbered by section 7(5))— insert —

s9 6 s9 Statutory Bodies Financial Arrangements Amendment (No. 1) No. 312, 1998 ‘ SCHEDULE 1 ‘ ENTITIES THAT ARE NOT STATUTORY BODIES section 2A Column 1 Authorising Act Column 2 Entity Aboriginal Land Act 1991 Torres Strait Islander Act 1991 Land • a land trust formed under part 3 of the AboriginalLandRegulation 1991 • an Aboriginal land claim association incorporated under the AboriginalLandRegulation 1991 • a land trust formed under part 3 of the TorresStraitIslanderLand Regulation 1991 • Torres Strait Islander Land Claim Association incorporated under the Torres Strait IslanderLand Regulation 1991 ’. ˙ Amendment of sch 2 (Statutory bodies allocated category 1 investment power) 9.(1) Schedule 2, ‘ Coal Industry (Control) Act 1948 ’, ‘Queensland Coal Board’— omit . (2) Schedule 2, ‘Sugar Experiment Stations Board’—

s 10 7 s 11 Statutory Bodies Financial Arrangements Amendment (No. 1) No. 312, 1998 omit, insert — ‘Bureau of Sugar Experiment Stations’. ˙ Amendment of sch 3 (Statutory bodies allocated category 2 investment power) 10. Schedule 3, ‘ Legal Aid Act 1978 ’, ‘Legal Aid Commission of Queensland—• Legal Aid Fund’, ‘ Lotteries Act 1994 ’ and ‘Golden Casket Lottery Corporation’— omit . ˙ Amendment of sch 4 (Statutory bodies allocated category 3 investment power) 11.(1) Schedule 4, ‘ James Cook University of North Queensland Act 1970 ’, ‘James Cook University of North Queensland’, ‘ Legal Aid Act 1978 ’, ‘Legal Aid Commission of Queensland for—• Funds held on trust (section 10(8))’, ‘ Queensland Cultural Centre Trust Act 1976 ’ and ‘Queensland Cultural Centre Trust’— omit . (2) Schedule 4— insert — ‘ Industrial Development Act 1963 The Corporation of The Minister for Industrial Development in Queensland James Cook University Act 1997 James Cook University Legal Aid Queensland Act 1997 Legal Aid Queensland— • Funds held on trust (section 4(5))’. (3) Schedule 4, ‘ University of Queensland Act 1965 ’— omit, insert — ‘ University of Queensland Act 1997 ’.

s 12 8 s 12 Statutory Bodies Financial Arrangements Amendment (No. 1) No. 312, 1998 ˙ Repeals 12. All instruments made as orders in council under the Act are repealed. ENDNOTES 1. Made by the Governor in Council on 26 November 1998. 2. Notified in the gazette on 27 November 1998. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. © State of Queensland 1998