8Status

8 Status

8 Status

(1) A Corporation is not subject to the control or direction of the Government or a Minister on behalf of the Government in the exercise of the Corporation’s functions.

Note—

A Corporation is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018 and remains subject to that Part, including the requirements of that Part as to borrowing and investment by a GSF agency.

(1A) Except as provided by subsection (4), subsection (1) does not operate to limit or prevent the application of the Government Sector Finance Act 2018 to the Corporation (including the application of Treasurer’s directions under that Act).

(2) A Corporation is a public sector agency for the purposes of the Transactions Act and is a NSW Government agency for the purposes of any Act.

(3) The Treasurer is not authorised by or under the Transactions Act—

(a) to act for or on behalf of a Corporation or a subsidiary of a Corporation, or

(b) to give directions to, or to a member of the Board of, a Corporation or subsidiary of a Corporation.

(4) Division 9.1 of the Government Sector Finance Act 2018 does not apply to or in respect of a Corporation or subsidiary of a Corporation.

(5) A Corporation or subsidiary of a Corporation is not an agency for the purposes of the Government Information (Public Access) Act 2009.

s 8: Am 2018 No 70, Schs 3.18 [2], 4.30 [1] [2].