Tasmanian Public Finance Corporation Act 1985
18Treasurer may re-arrange finances of State authorities
Start here
Get a plain-English read of 18
Turn the raw legal text into a practical explanation grounded in Tasmanian Public Finance Corporation Act 1985.
18 Treasurer may re-arrange finances of State authorities
(1) The Treasurer may, if he thinks fit, after consultation with the Minister responsible for a State authority that has borrowed money from a source other than the Treasurer or the Government of the State, by notice published in the Gazette –
(a) transfer to the Corporation the liabilities of the State authority in respect of the loan; and
(b) direct that the money outstanding under the loan shall be regarded for all purposes as having been borrowed by the State authority from the Corporation upon terms and conditions specified in the notice.
(2) The Treasurer may, after consultation with the Minister responsible for a State authority, vary any terms and conditions applying in relation to the State authority by virtue of a notice under subsection (1) .