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Local Government approval to provide unlimited indemnities to State and Commonwealth agencies for the purpose of funding agreements

This bulletin is to advise Local Governments of the general approval in place under the Statutory Bodies Financial Arrangement Act 1982 (SBFA Act) for Local Governments to provide unlimited indemnities in terms of timing and amount to State and Commonwealth agencies for the purposes of funding agreements.

Background

On 17 September 2010 the Queensland Treasurer under Sections 60A and 70 of the SBFA Act provided an approval (PDF Icon 317 KB) for Local Governments to enter into one or more grant funding agreements with the State or Commonwealth that involve granting of indemnities to the State or Commonwealth within the scope of type 1 financial arrangements referred to in section 60A of the SBFA Act, subject to terms and conditions.

Key points

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