Government Trading Enterprises Act 2023
Part 8Financial provisions
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Part 8 — Financial provisions
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Terms used 77
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Delegation by Treasurer 77
Division 2 — Bank and other accounts
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Terms used 77
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Primary account of GTE 78
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Other bank accounts of GTE 78
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Operation of accounts 79
Division 3 — Investment
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Application of Financial Management Act 2006 Part 3 Division 3 79
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Investment of funds 79
Division 4 — Borrowing and guarantees
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Borrowing powers 80
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Borrowing limits 80
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Breach of borrowing limits 81
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Guarantee by Treasurer 81
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Charges for guarantee 82
Division 5 — Risk management
- Hedging transactions 82
Division 6 — Dividends
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Solvency requirement 83
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Dividend formula 83
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Final dividend 83
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Interim and special dividends 85
Division 7 — Financial administration and audit
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Terms used 86
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Obligation to keep financial records 86
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Preparation of annual financial reports and directors’ reports 87
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Audit of annual financial report 87
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Preparation of interim reports 87
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Application of Financial Management Act 2006 sections 81 and 82 88
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Treasurer’s GTE instructions 88
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Regulations concerning financial administration and audit 88