Statutory Bodies Financial Arrangements (Warrubullen Drainage Board) Order (No. 1) 1993 (Qld)

Queensland Subordinate Legislation 1993 No. 182 Statutory Bodies Financial Arrangements Act 1982 STATUTORY BODIES FINANCIAL ARRANGEMENTS (WARRUBULLEN DRAINAGE BOARD) ORDER (No. 1) 1993 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Approval under s.22(4) of the Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 Approval and guarantee under s.16 of the Act . . . . . . . . . . . . . . . . . . . . . . . . 2 SCHEDULE . . . . . . . . . . . . . . . . . . . . . . . . . 3 THE LOAN ARRANGEMENTS 1 Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 Lender . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 Application fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5 Term of the loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6 Rate of interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 7 Redemption of the loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

2 Statutory Bodies Financial Arrangements (Warrubullen Drainage Board) (No. 1) No. 182, 1993 ˙ Short title 1. This order in council may be cited as the Statutory Bodies Financial Arrangements (Warrubullen Drainage Board) Order (No. 1) 1993 . ˙ Definitions 2. In this order— “Board” means the Warrubullen Drainage Board; “commencing day” means the day this order commences; “loan arrangements” means the terms and conditions set out in the Schedule; “maximum private interest rate” means the rate announced by the Treasurer from time to time to be the maximum private interest rate payable by Queensland local authorities and semi-government bodies. 1 ˙ Approval under s.22(4) of the Act3. Approval is given for the Board to borrow money, by the sale of a debenture, under the loan arrangements. ˙ Approval and guarantee under s.16 of the Act4.(1) Approval is given for the Treasurer to give the guarantee set out in subsection (2). (2) The Treasurer, on behalf of the Government, guarantees the due payment of all money from time to time payable by the Board under the loan arrangements. 1 The rate is quoted on page QTC4 of the Reuters Screen.

3 Statutory Bodies Financial Arrangements (Warrubullen Drainage Board) (No. 1) No. 182, 1993 SCHEDULE THE LOAN ARRANGEMENTS section 2 ˙ Amount 1. The amount of the loan is $32 934. ˙ Lender 2. The lender is the National Australia Bank Limited. ˙ Application fee 3. An application fee of $375 is payable to the lender. ˙ Purpose 4. The purpose of the loan is the conversion of the balance of a loan of $40 000 obtained for the Warrubullen Drainage Scheme. ˙ Term of the loan 5. The term of the loan is 4 years. ˙ Rate of interest 6. Interest is payable on the loan at the rate that is the maximum private interest rate on the commencing day. ˙ Redemption of the loan 7. The loan is to be repaid by 8 half-yearly repayments of principal and

4 Statutory Bodies Financial Arrangements (Warrubullen Drainage Board) (No. 1) SCHEDULE (continued) No. 182, 1993 interest as follows— (a) 7 equal instalments calculated as if the term of the loan were 10 years; (b) 1 final instalment. ENDNOTES 1. Made by the Governor in Council on 3 June 1993. 2. Notified in the Gazette on 4 June 1993. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. The State of Queensland 1993