Amendment of this Act consequent on commencement of Division 6.4 of Government Sector Finance Act 2018
20 Amendment of this Act consequent on commencement of Division 6.4 of Government Sector Finance Act 2018
Section 3 Definitions Omit the definition of PFA authority from section 3 (1). Insert in alphabetical order—
GSF agency has the same meaning as in the Government Sector Finance Act 2018.
Sections 9 (1) (b) and 13 (b) Omit “PFA authorities” wherever occurring. Insert instead “GSF agencies”.
Section 11 Omit the section. Insert instead—
11 Investment of money in Debt Retirement Fund
The Minister may invest money in the Debt Retirement Fund—
if the Minister is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way that the Minister is permitted to invest money under that Part, or
if the Minister is not a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way approved by the Treasurer.
Section 15 Omit the section. Insert instead—
15 Investment of money in Community Services and Facilities Fund
The Minister may invest money in the Community Services and Facilities Fund—
if the Minister is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way that the Minister is permitted to invest money under that Part, or
if the Minister is not a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way approved by the Treasurer.
Section 16 Schedule 1 may be amended by regulations to add NSW equity interests Omit section 16 (b). Insert instead—
an interest of an entity that is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018.
This Act’s bill:Explanatory memorandumSecond reading speech
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