sec.431AExemption—Queensland Treasury Corporation and its affiliates

### sec.431A Exemption—Queensland Treasury Corporation and its affiliates This section applies to a financial arrangement, or other arrangement, entered into or made by the Queensland Treasury Corporation or an affiliate of the corporation. Subject to the conditions in subsection (3) , duty is not imposed on an instrument or transaction that gives effect to, or is a part of, the arrangement. The conditions are— the corporation or affiliate must be a party to the instrument or transaction or another instrument or transaction that gives effect to, or is part of, the arrangement; and the Treasurer must certify the arrangement has as its objective— the advancement of the State’s financial interests; or the development of the State or a part of the State; or the benefit of persons, or a class of person, resident in or having or likely to have an association with the State. In this section— affiliate , of the Queensland Treasury Corporation, means an affiliate of the corporation under the Queensland Treasury Corporation Act 1988 . financial arrangement means a financial arrangement under the Queensland Treasury Corporation Act 1988 . Queensland Treasury Corporation means the Queensland Treasury Corporation constituted under the Queensland Treasury Corporation Act 1988 . s 431A ins 2002 No. 17 s 9 (sec.431A-ssec.1) This section applies to a financial arrangement, or other arrangement, entered into or made by the Queensland Treasury Corporation or an affiliate of the corporation. (sec.431A-ssec.2) Subject to the conditions in subsection (3) , duty is not imposed on an instrument or transaction that gives effect to, or is a part of, the arrangement. (sec.431A-ssec.3) The conditions are— the corporation or affiliate must be a party to the instrument or transaction or another instrument or transaction that gives effect to, or is part of, the arrangement; and the Treasurer must certify the arrangement has as its objective— the advancement of the State’s financial interests; or the development of the State or a part of the State; or the benefit of persons, or a class of person, resident in or having or likely to have an association with the State. (sec.431A-ssec.4) In this section— affiliate , of the Queensland Treasury Corporation, means an affiliate of the corporation under the Queensland Treasury Corporation Act 1988 . financial arrangement means a financial arrangement under the Queensland Treasury Corporation Act 1988 . Queensland Treasury Corporation means the Queensland Treasury Corporation constituted under the Queensland Treasury Corporation Act 1988 . - (a) the corporation or affiliate must be a party to the instrument or transaction or another instrument or transaction that gives effect to, or is part of, the arrangement; and - (b) the Treasurer must certify the arrangement has as its objective— (i) the advancement of the State’s financial interests; or (ii) the development of the State or a part of the State; or (iii) the benefit of persons, or a class of person, resident in or having or likely to have an association with the State. - (i) the advancement of the State’s financial interests; or - (ii) the development of the State or a part of the State; or - (iii) the benefit of persons, or a class of person, resident in or having or likely to have an association with the State. - (i) the advancement of the State’s financial interests; or - (ii) the development of the State or a part of the State; or - (iii) the benefit of persons, or a class of person, resident in or having or likely to have an association with the State.