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Version date: 5 December 2018 - onwards
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19. Amendment of National Treasury Management Agency (Amendment) Act 2014

The National Treasury Management Agency (Amendment) Act 2014 is amended -

(a) in section 37, in the definition of "directed investment", by the substitution of the following paragraph for paragraph (a):

"(a) an investment made by the Agency pursuant to a direction under section 42, 42A or 47(4)(b) or the proceeds held by the Agency pursuant to a direction under section 47(4)(c),",

and

(b) by the insertion of the following section after section 42:

"42A. Funding of HBFI

(1) Notwithstanding any other provision of this Act, the Minister may direct the Agency to -

(a) lend money to HBFI or any HBFI group entity out of the assets of the Fund on the commercial terms and conditions specified in the direction,

(b) exercise, on the terms and conditions specified in the direction, any rights attaching to a loan made under paragraph (a),

(c) terminate or dispose of, on the terms and conditions specified in the direction, a loan made under paragraph (a), or

(d) pay money to HBFI out of the assets

Comparing proposed amendment...