Queensland Consolidated Acts Queensland Consolidated Acts(1) The statutory body may, with the Treasurer's approval, enter into a type 2 financial arrangement.
(2) Without limiting subsection (1), the type 2 financial arrangement that the statutory body may be approved to enter into may include--
(a) a type 2 financial arrangement necessary for, or incidental to, the exercise of another power under this Act; and
(b) a type 2 financial arrangement not otherwise allowed under this Act, including, for example--
(i) an investment for more than 3 years; and
(ii) an investment other than in Australian money; and
(iii) an investment undertaken outside Australia; and
(iv) a loan by a statutory body.
(3) Parts 4, 5 and 6 do not limit the type 2 financial arrangements for which the Treasurer's approval may be given for subsection (1).
Example for subsection (3)--
The Treasurer may approve of a statutory body borrowing money even though the body is not prescribed under a regulation as a body that may borrow money under part 5.