Hospital Foundations Act 2018
sec.54Derivative transactions permitted only for certain foundations
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sec.54 Derivative transactions permitted only for certain foundations
A foundation may enter into a derivative transaction— under an approval under division 4 ; and only if the foundation does so to hedge against a risk to which the foundation is or will be exposed. A foundation may enter into a derivative transaction under this part— in its own name; or in the name of a person who, with the Minister’s approval, has been appointed in writing by the foundation as its agent for this part. (sec.54-ssec.1) A foundation may enter into a derivative transaction— under an approval under division 4 ; and only if the foundation does so to hedge against a risk to which the foundation is or will be exposed. (sec.54-ssec.2) A foundation may enter into a derivative transaction under this part— in its own name; or in the name of a person who, with the Minister’s approval, has been appointed in writing by the foundation as its agent for this part.
- (a) under an approval under division 4 ; and
- (b) only if the foundation does so to hedge against a risk to which the foundation is or will be exposed.
- (a) in its own name; or
- (b) in the name of a person who, with the Minister’s approval, has been appointed in writing by the foundation as its agent for this part.