Financial arrangements
11 Financial arrangements
An authority to which this section applies—
may, with the approval of the Treasurer, enter into and perform financial arrangements to hedge, protect or manage the value of its assets or liabilities, or prospective assets or liabilities, against movements in—
currency rates, interest rates, prices of shares, property or commodities; or
any other rates, costs or other factors specified by the Treasurer, including rates, costs or other factors that affect, or could affect, the value of its assets or liabilities or prospective assets or liabilities; and
may, with the approval of the Treasurer enter into financial arrangements to acquire or dispose of assets or liabilities.
S. 11AA inserted by No. 31/1991 s. 4, amended by No. 99/1993 s. 7(h).
This Act’s bill:Second reading speech
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