Northern Territory Treasury Corporation Act 1994

Notwithstanding section 13 or 14, the Corporation may not:

grant security for the performance of the obligations of any person, other than the Corporation, without the approval of the

Treasurer; or

exercise a power specified in section 14(2)(c), (d), (e), (f) or

without the approval of the Treasurer.

Notwithstanding section 13 or 14, the Corporation may only invest funds of or under the control of the Corporation:

in securities of or guaranteed by the Government of the

Territory, the Commonwealth or a State or another Territory of the

Commonwealth;

in or with a statutory body whose obligations are guaranteed by the Government of the Territory, the Commonwealth or a State or another Territory of the Commonwealth;

in any bank or other body corporate that maintains such minimum credit rating specified by the Treasurer as is published from time to time by a credit rating agency approved by the Treasurer;

in a building society or credit union approved by the Treasurer;

whether secured or unsecured:

in capital market investments issued by a body corporate that maintains such minimum credit rating specified by the Treasurer as is published from time to time by a credit rating agency approved by the

Treasurer;

in debentures, securities or other obligations of governments, government authorities or statutory bodies;

in promissory notes made by a body corporate referred to in paragraph (c) or a statutory body whether constituted under an Act of the Territory, the Commonwealth or a State or another Territory of the Commonwealth;

in certificates of deposit issued by a bank; and

in negotiable instruments (including, without limitation, bills of exchange and promissory notes) issued, drawn, accepted or endorsed by a bank;

with a dealer in the short term money market with established lines of credit with the Reserve Bank of Australia or a lender of last resort; or

in such other investments as the Treasurer, from time to time, determines.

Money received by the Corporation as a result of an investment made under this section shall be paid to the official ADI account, within the meaning of the Financial Management Act 1995, from which the money the subject of the investment was drawn.

Part 4 Financial provisions and guarantees