sec.2Object of Act

### sec.2 Object of Act The object of this Act is to provide for the efficient and effective management of the powers of statutory bodies to enter into financial arrangements. The object is achieved by a coordinated and prudent approach towards— the guarantees the Treasurer may give, for the State, for financial arrangements entered into by statutory bodies under this Act or another Act; and the general banking powers, and the borrowing and investment powers, of statutory bodies; and the way in which statutory bodies may, with the Treasurer’s approval, enter into derivative transactions, appoint funds managers and enter into other financial arrangements. s 2 prev s 2 om 15 July 1991 RA s 36 pres s 2 ins 1996 No. 54 s 4 (sec.2-ssec.1) The object of this Act is to provide for the efficient and effective management of the powers of statutory bodies to enter into financial arrangements. (sec.2-ssec.2) The object is achieved by a coordinated and prudent approach towards— the guarantees the Treasurer may give, for the State, for financial arrangements entered into by statutory bodies under this Act or another Act; and the general banking powers, and the borrowing and investment powers, of statutory bodies; and the way in which statutory bodies may, with the Treasurer’s approval, enter into derivative transactions, appoint funds managers and enter into other financial arrangements. - (a) the guarantees the Treasurer may give, for the State, for financial arrangements entered into by statutory bodies under this Act or another Act; and - (b) the general banking powers, and the borrowing and investment powers, of statutory bodies; and - (c) the way in which statutory bodies may, with the Treasurer’s approval, enter into derivative transactions, appoint funds managers and enter into other financial arrangements.