Australian Capital Territory Numbered Acts

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FINANCIAL MANAGEMENT ACT 1996 (NO. 22 OF 1996) - SECT 48

Financial derivatives

48. (1) This section applies to transactions known as financial derivatives, for example—

        (a)     interest rate swaps;

        (b)     currency swaps;

        (c)     forward rate agreements; and

        (d)     interest rate options.

(2) The Territory may only enter into a transaction to which this section applies if the Treasurer certifies in writing that the transaction relates to a borrowing by the Territory.


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