QLDIn ForceAct
Statutory Bodies Financial Arrangements Act 1982
sec.61AStatutory body may enter into a type 2 financial arrangement with Treasurer’s approval
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### sec.61A Statutory body may enter into a type 2 financial arrangement with Treasurer’s approval
The statutory body may, with the Treasurer’s approval, enter into a type 2 financial arrangement.
Without limiting subsection (1) , the type 2 financial arrangement that the statutory body may be approved to enter into may include—
a type 2 financial arrangement necessary for, or incidental to, the exercise of another power under this Act; and
a type 2 financial arrangement not otherwise allowed under this Act, including, for example—
an investment for more than 3 years; and
an investment other than in Australian money; and
an investment undertaken outside Australia; and
a loan by a statutory body.
Parts 4 , 5 and 6 do not limit the type 2 financial arrangements for which the Treasurer’s approval may be given for subsection (1) .
The Treasurer may approve of a statutory body borrowing money even though the body is not prescribed under a regulation as a body that may borrow money under part 5 .
s 61A ins 2003 No. 12 s 15
(sec.61A-ssec.1) The statutory body may, with the Treasurer’s approval, enter into a type 2 financial arrangement.
(sec.61A-ssec.2) Without limiting subsection (1) , the type 2 financial arrangement that the statutory body may be approved to enter into may include— a type 2 financial arrangement necessary for, or incidental to, the exercise of another power under this Act; and a type 2 financial arrangement not otherwise allowed under this Act, including, for example— an investment for more than 3 years; and an investment other than in Australian money; and an investment undertaken outside Australia; and a loan by a statutory body.
(sec.61A-ssec.3) Parts 4 , 5 and 6 do not limit the type 2 financial arrangements for which the Treasurer’s approval may be given for subsection (1) . The Treasurer may approve of a statutory body borrowing money even though the body is not prescribed under a regulation as a body that may borrow money under part 5 .
- (a) a type 2 financial arrangement necessary for, or incidental to, the exercise of another power under this Act; and
- (b) a type 2 financial arrangement not otherwise allowed under this Act, including, for example— (i) an investment for more than 3 years; and (ii) an investment other than in Australian money; and (iii) an investment undertaken outside Australia; and (iv) a loan by a statutory body.
- (i) an investment for more than 3 years; and
- (ii) an investment other than in Australian money; and
- (iii) an investment undertaken outside Australia; and
- (iv) a loan by a statutory body.
- (i) an investment for more than 3 years; and
- (ii) an investment other than in Australian money; and
- (iii) an investment undertaken outside Australia; and
- (iv) a loan by a statutory body.