Tasmanian Public Finance Corporation Act 1985 (Tas)

Tasmanian Public Finance Corporation Act 1985

An Act relating to the provision of finance for public purposes [Royal Assent 23 May 1985]

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

PART I - Preliminary

1. Short title This Act may be cited as the Tasmanian Public Finance Corporation Act 1985 .

2. Commencement (1) This section and section 1 shall commence on the day on which this Act receives the Royal Assent. (2) Except as provided in subsection (1) , this Act shall commence on such day as may be fixed by proclamation.

3. Interpretation (1) In this Act, unless the contrary intention appears – the Corporation means the Tasmanian Public Finance Corporation established under Part II ; loan means any form of financial accommodation (not being a grant) and "lend" and "borrow" have corresponding meanings; local government authority means a council; the Minister responsible, in relation to a State authority, means the Minister having the administration of the Act by or under which the State authority is constituted; participating authority means – (a) a State authority; or (b) a local government authority that has made arrangements to borrow money from, or to deposit money with, the Corporation; or (c) the Tasmanian Ports Corporation Pty. Ltd. (ACN 114 161 938) while all the shares in that corporation are held in trust for the Crown; or (d) the Corporation, or a subsidiary of the Corporation, within the meaning of the Water and Sewerage Corporation Act 2012 ; or (e) a company formed under section 5 of the Rail Company Act 2009 while all the shares in that company are held in trust for the Crown, or a subsidiary of that company while all the shares in that subsidiary are held by that company; or (f) Tasmanian Irrigation Pty Ltd (ACN 133 148 384) while all the shares in that corporation are held in trust for the Crown; security includes any document evidencing indebtedness; State authority means – (a) a body corporate which, or of which the governing authority, wholly or partly comprises – (i) a Minister; or (ii) a person or persons appointed by the Governor, a Minister, or another State authority or a person or persons holding office by virtue of being a member or members of another State authority; or (b) a body corporate which is financed wholly or in part out of public funds. (c) (d) (e) (2) . . . . . . . .