Treasury Corporation Act 1983
6BLimitations on powers
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6B Limitations on powers
6B Limitations on powers
(1) The Corporation is not to invest funds of or under the control of the Corporation except:
(a) if the Corporation is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way that the Corporation is permitted to invest money under that Part, or
(b) if the Corporation is not a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way approved by the Treasurer.
(2) The regulations may make provision for or with respect to the manner in which the Corporation is to assume the responsibility of the Government, a public authority or other public body for the administration of any matter relating to borrowings obtained.
(3) The Corporation is not to enter into a contract of guarantee except on such terms and conditions as are approved by the Treasurer.
(4) (Repealed)
(5) The Corporation is not to act as agent for a public authority or other public body in obtaining borrowings under the funding Act or any other Act when the borrowings are obtained from the Corporation.
s 6B: Ins 1992 No 113, Sch 1 (1). Am 2018 No 68, Sch 1.22 [2]; 2018 No 70, Sch 3.63 [6] [8] [9].