NSW Generations Funds Act 2018 (NSW)

NSW Generations Funds Act 2018 No 37

An Act to provide for the establishment of the NSW Generations (Debt Retirement) Fund and the NSW Generations (Community Services and Facilities) Fund for the purposes of providing funding for State debt retirement and certain community purposes.

Part 1 Preliminary

1 Name of Act This Act is the NSW Generations Funds Act 2018.

2 Commencement (1) This Act commences on the date of assent to this Act, except as provided by this section. (2) Section 20 commences on the day on which Division 6.4 (Financial arrangements) of the Government Sector Finance Act 2018 commences.

3 Definitions (1) In this Act— Community Services and Facilities Fund means the NSW Generations (Community Services and Facilities) Fund established under this Act. Debt Retirement Fund means the NSW Generations (Debt Retirement) Fund established under this Act. financial year means the year commencing 1 July. function includes a power, authority or duty, and exercise a function includes perform a duty. GSF agency has the same meaning as in the Government Sector Finance Act 2018. interest includes any legal or equitable estate or interest (whether present or future, whether vested or contingent and whether personal or assignable) in real or personal property of any description (including money, securities and choses in action). NSW Generations Funds means the Community Services and Facilities Fund and the Debt Retirement Fund. Public Service agency has the same meaning as in the Government Sector Employment Act 2013. relevant NSW equity interest means an interest specified by Schedule 1. State tax means a duty or any other tax imposed by or under an Act.

Note— The Interpretation Act 1987 contains definitions and other provisions that affect the interpretation and application of this Act. (2) Notes included in this Act do not form part of this Act.