Northern Territory regulation

AUSTRALASIA RAILWAY CORPORATION (INVESTMENT) REGULATIONS 2001

In ForceNT

Jurisdiction

Northern Territory

Collection

regulation

Plain English Summary

2/10 complexity

These regulations allow the AustralAsia Railway Corporation to invest project money provided by the Commonwealth, the Northern Territory or South Australia until those funds are needed for the project or must be repaid. The Corporation decides how much of its ADI account balance is available and selects permitted investments (government/guaranteed securities or high‑rated corporates/ADIs), may deduct its investment costs, and must reinvest or return any remaining proceeds. The rules change the Corporation’s cash‑management choices and impose credit‑rating and recordkeeping constraints.

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AUSTRALASIA RAILWAY CORPORATION (INVESTMENT) REGULATIONS 2001

NORTHERN TERRITORY OF AUSTRALIA AUSTRALASIA RAILWAY CORPORATION (INVESTMENT) REGULATIONS 2000 As in force at 30 October 2002 Table of provisions 1 Citation ............................................................................................ 1 2 Investment of project money............................................................ 1 ENDNOTES

NORTHERN TERRITORY OF AUSTRALIA

As in force at 30 October 2002

AUSTRALASIA RAILWAY CORPORATION (INVESTMENT) REGULATIONS 2000 Regulations under the AustralAsia Railway Corporation Act 1996 1 Citation These Regulations may be cited as the AustralAsia Railway Corporation (Investment) Regulations 2000. 2 Investment of project money (1) Money received by the Corporation for the purposes of the Project from the Commonwealth, the Territory or South Australia (project money) may be invested by the Corporation in accordance with this regulation until such time as the money is required to be paid to the successful consortium or re-paid to the Commonwealth, the Territory or South Australia. (2) The Corporation: (a) may determine whether any, and if so what, amount of project money standing at credit in an ADI account of the Corporation is available for investment; and (b) may invest that amount in the investments, and for the periods, determined by the Corporation. (3) The Corporation may only invest project money: (a) in securities of or guaranteed by the Government of the Territory, the Commonwealth or a State or another Territory of the Commonwealth; (b) in deposits, debentures, promissory notes or other securities of a statutory body the obligations of which are guaranteed by the Government of the Territory, the Commonwealth or a State or another Territory of the Commonwealth; or

AustralAsia Railway Corporation (Investment) Regulations 2000 2 (c) in deposits, debentures, promissory notes or other securities of a body corporate or an ADI that maintains minimum Standard & Poors credit ratings within the ranges of: (i) long term (greater than 1 year) – AAA to A-; and (ii) short term (up to 1 year) – A-1+ to A-1. (4) The Corporation: (a) may deduct from money it receives as a result of an investment made under this regulation the costs and expenses it incurred in making the investment; and (b) must: (i) reinvest the balance of the money received; or (ii) pay the balance of the money received into the ADI account from which the project money the subject of the investment was drawn.

ENDNOTES AustralAsia Railway Corporation (Investment) Regulations 2000 3 ENDNOTES 1 KEY Key to abbreviations amd = amended od = order app = appendix om = omitted bl = by-law pt = Part ch = Chapter r = regulation/rule cl = clause rem = remainder div = Division renum = renumbered exp = expires/expired rep = repealed f = forms s = section Gaz = Gazette sch = Schedule hdg = heading sdiv = Subdivision ins = inserted SL = Subordinate Legislation lt = long title sub = substituted nc = not commenced 2 LIST OF LEGISLATION AustralAsia Railway Corporation (Investment) Regulations (SL No. 62, 2000) Notified 10 January 2001 Commenced 10 January 2001 Statute Law Revision (Financial Provisions) Act 2002 (Act No. 38, 2002) Assent date 13 September 2002 Commenced 30 October 2002 (Gaz G43, 3 October 2002, p 3) 3 GENERAL AMENDMENTS General amendments of a formal nature (which are not referred to in the table of amendments to this reprint) are made by the Interpretation Legislation Amendment Act 2018 (Act No. 22, 2018) to: r 1. 4 LIST OF AMENDMENTS r 2 amd Act No. 38, 2002, s 7

Source text

Sourced from NT Legislation (legislation.nt.gov.au), CC BY 4.0.

1 AUSTRALASIA RAILWAY CORPORATION (INVESTMENT) REGULATIONS 2001

NORTHERN TERRITORY OF AUSTRALIA

As in force at 30 October 2002