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NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 June 2004
NOTE 22: RELATED PARTY INFORMATION
TASCORP, as the central financing authority for the State of Tasmania, provides loans to Participating Authorities. Details of such accommodation as at 30 June 2004 are set out in Note 6. All transactions are priced in accordance with TASCORP’s lending policy.
Persons holding the position of Director during the year to 30 June 2004 were:
Donald W. Challen, Chairman
Jayne M. Godfrey
Sarah Merridew
Bev. H. Walters
John B. Hindmarsh
TASCORP undertakes financial market transactions with entities of which one of the above is also a Director. These transactions are undertaken in the ordinary course of business, are at arms length and carry normal commercial terms. No transactions were undertaken with Directors. These entities are:
Donald W Challen - Director, Hydro Tasmania.
Advances to Director Related Entities are disclosed in Note 6
Deposits received from Director Related Entities as at Year End.
Interest Revenue from Director Related Entities.
Interest Expense to Director Related Entities.
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