11 Financial arrangements S. 11 amended by An authority to which this section applies— Nos 64/1991 s. 10(b), (a) may, with the approval of the Treasurer, 99/1993 s. 7(g), enter into and perform financial substituted by arrangements to hedge, protect or manage No. 100/1995 s. 7. the value of its assets or liabilities, or prospective assets or liabilities, against movements in— (i) currency rates, interest rates, prices of shares, property or commodities; or (ii) any other rates, costs or other factors specified by the Treasurer, including rates, costs or other factors that affect, or could affect, the value of its assets or liabilities or prospective assets or liabilities; and (b) may, with the approval of the Treasurer enter into financial arrangements to acquire or dispose of assets or liabilities. S. 11AA 11AA Limited validation of certain financial transactions inserted by No. 31/1991 (1) If— s. 4, amended by (a) an authority to which this section applies No. 99/1993 entered into, or purported to enter into, a s. 7(h). financial transaction that was not, or may not have been, a financial arrangement of a kind that the authority was authorised to enter into under section 4 and 11 or section 11; and (b) another party to the financial transaction entered into the financial transaction in good faith and with no reason to suspect, at the time of entering into the financial transaction, that the transaction was not a financial arrangement of a kind that the authority was authorised to enter into under section 4 and 11 or section 11—
S. 11 amended by Nos 64/1991 s. 10(b), 99/1993 s. 7(g), substituted by No. 100/1995 s. 7. 11 Financial arrangements An authority to which this section applies— (a) may, with the approval of the Treasurer, enter into and perform financial arrangements to hedge, protect or manage the value of its assets or liabilities, or prospective assets or liabilities, against movements in— (i) currency rates, interest rates, prices of shares, property or commodities; or (ii) any other rates, costs or other factors specified by the Treasurer, including rates, costs or other factors that affect, or could affect, the value of its assets or liabilities or prospective assets or liabilities; and (b) may, with the approval of the Treasurer enter into financial arrangements to acquire or dispose of assets or liabilities. S. 11AA inserted by No. 31/1991 s. 4, amended by No. 99/1993 s. 7(h). 11AA Limited validation of certain financial transactions (1) If— (a) an authority to which this section applies entered into, or purported to enter into, a financial transaction that was not, or may not have been, a financial arrangement of a kind that the authority was authorised to enter into under section 4 and 11 or section 11; and (b) another party to the financial transaction entered into the financial transaction in good faith and with no reason to suspect, at the time of entering into the financial transaction, that the transaction was not a financial arrangement of a kind that the authority was authorised to enter into under section 4 and 11 or section 11—
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