QLDIn ForceAct
Queensland Treasury Corporation Act 1988
sec.21Power of Corporation to enter into other financial arrangements
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### sec.21 Power of Corporation to enter into other financial arrangements
Subject to subsection (3) , the Corporation, in the attainment of its objectives and the discharge of its functions under this Act, has the power to enter into any financial arrangement other than as provided for in sections 18 , 19 and 20 .
Financial arrangements entered into in accordance with subsection (1) may be made—
with the Treasurer; or
with statutory bodies; or
with other persons.
The Governor in Council may at any time prior to the Corporation’s entering into a financial arrangement under this section impose limits on or determine conditions for that financial arrangement and the Corporation shall comply with such limits or conditions.
A failure by the Corporation to comply with subsection (3) shall not invalidate the relevant financial arrangement which shall be enforceable by all the parties thereto in accordance with its terms.
s 21 amd 1995 No. 58 s 4 sch 1
(sec.21-ssec.1) Subject to subsection (3) , the Corporation, in the attainment of its objectives and the discharge of its functions under this Act, has the power to enter into any financial arrangement other than as provided for in sections 18 , 19 and 20 .
(sec.21-ssec.2) Financial arrangements entered into in accordance with subsection (1) may be made— with the Treasurer; or with statutory bodies; or with other persons.
(sec.21-ssec.3) The Governor in Council may at any time prior to the Corporation’s entering into a financial arrangement under this section impose limits on or determine conditions for that financial arrangement and the Corporation shall comply with such limits or conditions.
(sec.21-ssec.4) A failure by the Corporation to comply with subsection (3) shall not invalidate the relevant financial arrangement which shall be enforceable by all the parties thereto in accordance with its terms.
- (a) with the Treasurer; or
- (b) with statutory bodies; or
- (c) with other persons.