31
CurrentBorrowing levy
Part 5Territory taxes
31 Borrowing levy
(1)
A territory-owned corporation or subsidiary that borrows money, whether from the Territory or otherwise, must pay to the Territory the amount, or an amount calculated in the way, that the Treasurer determines in writing.
(2)
An amount payable under this section must be paid in the way, or by the instalments, that the Treasurer determines in writing.
(3)
A determination under this section may be made in relation to a borrowing contract or to a class of borrowing contracts.
This Act’s bill:Explanatory statement
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