Government Sector Finance Regulation 2024 (2024-251) (NSW)

Government Sector Finance Regulation 2024

Part 1 Preliminary

1 Name of regulation This regulation is the Government Sector Finance Regulation 2024.

2 Commencement This regulation commences on 30 June 2024.

3 Definitions In this regulation— asset, contingent liability, expenses, income and liability, for Part 5, Division 2—see section 14. assurer, for Part 4—see section 9. bank guarantee, for Part 4—see section 9. commitment, for Part 5, Division 2—see section 14. common trust, for Part 5, Division 2—see section 14. Crown land manager, for Part 5, Division 2—see section 14. Crown Reserves Improvement Fund, for Part 5, Division 2—see section 14. customer good means a good acquired or created by a GSF agency for the purpose of sale or resale to customers. expenditure function, for Part 6—see section 24. finance recipient, for Part 4—see section 9. general guarantee, for Part 4—see section 9. guarantee recipient, for Part 4—see section 9. guarantor, for Part 4—see section 9. lessee, for Part 4—see section 9. letter of comfort, for Part 4—see section 9. letter of financial support, for Part 4—see section 9. operating or finance lease arrangement, for Part 4—see section 9. relevant transaction, for Part 5, Division 2—see section 14. retained State interest, for Part 5, Division 2—see section 14. social benefit bond, for Part 4—see section 9. supplier finance arrangement, for Part 4—see section 9. Teaching Service has the same meaning as in the Teaching Service Act 1980. the Act means the Government Sector Finance Act 2018.

Note— The Act and the Interpretation Act 1987 also contain definitions and other provisions that affect the interpretation and application of this regulation.