Western Australian Consolidated Acts

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RACING AND WAGERING WESTERN AUSTRALIA ACT 2003 - SECT 99

99 .         Hedging transactions

                RWWA may, for the purpose of managing, limiting or reducing perceived risks or anticipated costs in connection with the exercise of any power conferred by section 97 —

            (a)         enter into an agreement or arrangement to effect any of the following transactions —

                  (i)         a foreign exchange transaction;

                  (ii)         a forward foreign exchange transaction;

                  (iii)         a currency swap;

                  (iv)         a forward currency swap;

                  (v)         a foreign currency cap, a foreign currency collar or a foreign currency floor;

                  (vi)         a transaction of such other class as is approved in writing by the Minister, with the Treasurer’s concurrence, as a class of transaction to which this paragraph applies;

                or

            (b)         enter into an agreement or arrangement to effect any transaction which is a combination of —

                  (i)         2 or more transactions permitted under paragraph (a); or

                  (ii)         one or more transactions permitted under paragraph (a) and one or more transactions permitted under section 97.



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