sec.53Derivative transactions permitted only for certain statutory bodies

### sec.53 Derivative transactions permitted only for certain statutory bodies A statutory body may enter into a derivative transaction under this division— in its own name; or in the name of a person who, with the Treasurer’s approval, has been appointed in writing by the body as its agent for this division. The statutory body may enter into the derivative transaction only if— the body is prescribed, under a regulation, as a statutory body that may enter into derivative transactions; and the Treasurer’s approval has been given for the body to enter into the derivative transaction, or derivative transactions of the type concerned. s 53 ins 1994 No. 31 s 6 sch 2 sub 1996 No. 54 s 8 amd 1999 No. 19 s 3 sch (sec.53-ssec.1) A statutory body may enter into a derivative transaction under this division— in its own name; or in the name of a person who, with the Treasurer’s approval, has been appointed in writing by the body as its agent for this division. (sec.53-ssec.2) The statutory body may enter into the derivative transaction only if— the body is prescribed, under a regulation, as a statutory body that may enter into derivative transactions; and the Treasurer’s approval has been given for the body to enter into the derivative transaction, or derivative transactions of the type concerned. - (a) in its own name; or - (b) in the name of a person who, with the Treasurer’s approval, has been appointed in writing by the body as its agent for this division. - (a) the body is prescribed, under a regulation, as a statutory body that may enter into derivative transactions; and - (b) the Treasurer’s approval has been given for the body to enter into the derivative transaction, or derivative transactions of the type concerned.