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COMMONWEALTHAct
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s 46

Borrowing from the Commonwealth

In force
Part VIIFinance

46 Borrowing from the Commonwealth

(1)

The Finance Minister may, on behalf of the Commonwealth, out of money appropriated by the Parliament for the purpose, lend money to the Commission at such rates of interest and on such other terms and conditions as that Minister determines.

(2)

The Commission shall not borrow money except in accordance with subsection (1).

(3)

The Commission may give security over the whole or part of its assets for the repayment of amounts borrowed under subsection (1) and the payment of interest on amounts so borrowed.

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