QLDIn ForceAct
South-East Queensland Water (Distribution and Retail Restructuring) Act 2009
sec.14Statutory Bodies Financial Arrangements Act 1982
Start here
Get a plain-English read of sec.14
Turn the raw legal text into a practical explanation grounded in South-East Queensland Water (Distribution and Retail Restructuring) Act 2009.
### sec.14 Statutory Bodies Financial Arrangements Act 1982
A distributor-retailer is a statutory body under the Statutory Bodies Financial Arrangements Act 1982 (the SBFA ).
The SBFA , part 2B sets out the way in which a distributor-retailer’s powers under this Act are affected by that Act.
Despite the SBFA , section 31 (2) a distributor-retailer may operate an account with an overdraft facility without the Treasurer’s approval under the SBFA .
(sec.14-ssec.1) A distributor-retailer is a statutory body under the Statutory Bodies Financial Arrangements Act 1982 (the SBFA ).
(sec.14-ssec.2) The SBFA , part 2B sets out the way in which a distributor-retailer’s powers under this Act are affected by that Act.
(sec.14-ssec.3) Despite the SBFA , section 31 (2) a distributor-retailer may operate an account with an overdraft facility without the Treasurer’s approval under the SBFA .