Statutory Bodies Financial Arrangements (GOCs) Regulation 1995

Queensland Statutory Bodies Financial Arrangements Act 1982 STATUTORY BODIES FINANCIAL ARRANGEMENTS (GOCs) REGULATION 1995 Reprinted as in force on 29 January 1996 (Regulation not amended up to this date) Reprint No. 1 This reprint is prepared by the Office of the Queensland Parliamentary Counsel Warning—This reprint is not an authorised copy

Information about this reprint This regulation is reprinted as at 29 January 1996. See endnotes for information about when provisions commenced.

Queensland STATUTORY BODIES FINANCIAL ARRANGEMENTS (GOCs) REGULATION 1995 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 Application of pt 4 of the Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 No limitation on existing instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 SCHEDULE 1 . . . . . . . . . . . . . . . . . . . . . . . . 5 PART 4 PROVISIONS APPLIED SCHEDULE 2 . . . . . . . . . . . . . . . . . . . . . . . . 6 STATUTORY GOCs SCHEDULE 3 . . . . . . . . . . . . . . . . . . . . . . . . 7 STATUTORY GOC SUBSIDIARIES ENDNOTES 1 Index to endnotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 2 Date to which amendments incorporated . . . . . . . . . . . . . . . . . . . . . 8 3 Key . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 4 List of legislation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

s1 3 s2 Statutory Bodies Financial Arrangements (GOCs) Regulation 1995 STATUTORY BODIES FINANCIAL ARRANGEMENTS (GOCs) REGULATION 1995 [reprinted as in force on 29 January 1996] ˙ Short title 1. This regulation may be cited as the Statutory Bodies Financial Arrangements (GOCs) Regulation 1995 . ˙ Application of pt 4 of the Act 2.(1) The provisions of part 4 of the Act listed in schedule 1 are declared to apply— (a) for— (i) the statutory GOCs listed in schedule 2; (ii) the statutory GOC subsidiaries listed in schedule 3; and (b) for borrowing or raising money; 1 and (c) without limit of time. (2) However, a statutory GOC or GOC subsidiary mentioned in subsection (1)(a) may enter into a financial arrangement under section 22(1)(d) of the Act only if— 1 Under section 157 (Procedures for borrowing) of the Government Owned Corporations Act 1993 a GOC may borrow in accordance with its policies, as outlined in its statement of corporate intent, to minimise and manage any risk of investments and borrowings that may adversely affect its financial stability. If a proposed borrowing is in accordance with those policies, the Statutory Bodies Financial Arrangements Act 1982 does not apply to the borrowing. Additionally, under the Government Owned Corporations (Statutory GOC Subsidiaries) Regulation 1994 , section 157 is applied to the statutory GOC subsidiaries mentioned in schedule 3 of this regulation (that is, the subsidiaries of Queensland Transmission and Supply Corporation (QTSC)). For the application of section 157 to a subsidiary, the relevant statement of corporate intent is QTSC’s statement of corporate intent.

s3 4 s3 Statutory Bodies Financial Arrangements (GOCs) Regulation 1995 (a) the Treasurer approves the financial arrangement; and (b) the financial arrangement is entered into on the terms the Treasurer considers appropriate. ˙ No limitation on existing instruments 3. This regulation does not limit an instrument applying a provision of part 4 of the Act and made under the Act before the commencement of this regulation.

5 Statutory Bodies Financial Arrangements (GOCs) Regulation 1995 ¡ SCHEDULE 1 † PART 4 PROVISIONS APPLIED section 2 section 22(1), (2), (5) and (6) section 23 section 24 section 25(1) to (5C) and (6A) to (7) (other than subsection (1)(b)(ii)) section 27(1), (3) and (5) section 28(2) and (3) section 29 section 30 section 32(1) and (3) section 33 section 34 section 36 section 37 section 38 sections 40 to 44

6 Statutory Bodies Financial Arrangements (GOCs) Regulation 1995 ¡ SCHEDULE 2 † STATUTORY GOCs Bundaberg Port Authority Cairns Port Authority Gladstone Port Authority Mackay Port Authority Port of Brisbane Corporation Ports Corporation of Queensland Queensland Generation Corporation Queensland Rail Queensland Transmission and Supply Corporation Rockhampton Port Authority Townsville Port Authority section 2

7 Statutory Bodies Financial Arrangements (GOCs) Regulation 1995 ¡ SCHEDULE 3 † STATUTORY GOC SUBSIDIARIES section 2 1. The following subsidiaries of Queensland Transmission and Supply Corporation Capricornia Electricity Corporation Far North Queensland Electricity Corporation Mackay Electricity Corporation North Queensland Electricity Corporation Queensland Electricity Transmission Corporation South East Queensland Electricity Corporation South West Queensland Electricity Corporation Wide Bay-Burnett Electricity Corporation

8 Statutory Bodies Financial Arrangements (GOCs) Regulation 1995 † ENDNOTES ´ 1 Index to endnotes Page 2 Date to which amendments incorporated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 3 Key . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 4 List of legislation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 ´ 2 Date to which amendments incorporated This is the reprint date mentioned in the Reprints Act 1992, section 5(c). However, no amendments have commenced operation on or before that day. Future amendments of the Statutory Bodies Financial Arrangements (GOCs) Regulation 1995 may be made in accordance with this reprint under the Reprints Act 1992, section 49. 3 ´ AIA amd ch def div exp gaz hdg ins lap notfd om o in c p para prec pres prev = = = = = = = = = = = = = = = = = = Key Key to abbreviations in list of legislation and annotations Acts Interpretation Act 1954 amended chapter definition division expires/expired gazette heading inserted lapsed notified omitted order in council page paragraph preceding present previous (prev) proc prov pt pubd R[X] RA reloc renum rep s sch sdiv SIA SL sub unnum = = = = = = = = = = = = = = = = = previously proclamation provision part published Reprint No.[X] Reprints Act 1992 relocated renumbered repealed section schedule subdivision Statutory Instruments Act 1992 subordinate legislation substituted unnumbered

9 Statutory Bodies Financial Arrangements (GOCs) Regulation 1995 ´ 4 List of legislation Statutory Bodies Financial Arrangements (GOCs) Regulation 1995 SL No. 362 notfd gaz 15 December 1995 pp 1560–5 commenced on date of notification