52Functions of New South Wales Treasury Corporation

52 Functions of New South Wales Treasury Corporation

52 Functions of New South Wales Treasury Corporation

(1) New South Wales Treasury Corporation (TCorp) has the object of providing financial services for the purposes of an authorised transaction at the direction of the Treasurer.

(2) The Treasurer may direct TCorp to do any one or more of the following for the purposes of an authorised transaction on terms and conditions determined by the Treasurer—

(a) provide borrowings (including by the lending of money) to or for the benefit of a private sector entity,

(b) effect a derivative arrangement for the benefit of or on behalf of a private sector entity,

(c) participate in any other arrangement or transaction approved by the Treasurer for the purposes of an authorised transaction.

(3) TCorp is authorised and required to comply with a direction of the Treasurer under this section.

(4) Words and expressions used in this section that are defined in the Government Sector Finance Act 2018 have the same meanings as in that Act.

s 52: Am 2018 No 70, Sch 3.17 [4] [5].