Borrowing
34 Borrowing
The Future Fund Board must not borrow money for a purpose in connection with the DisabilityCare Australia Fund unless the borrowing is authorised by subsection (2) or (3).
The Future Fund Board is authorised to borrow money for a purpose in connection with the DisabilityCare Australia Fund if:
the purpose of the borrowing is to enable the Future Fund Board to cover settlement of a transaction for the acquisition of one or more financial assets; and
at the time the relevant acquisition decision was made, it was likely that the borrowing would not be needed; and
the period of the borrowing does not exceed 7 days; and
if the borrowing were to take place, the total amount borrowed by the Future Fund Board would not exceed 10% of the balance of the DisabilityCare Australia Fund.
The Future Fund Board is authorised to borrow money for a purpose in connection with the DisabilityCare Australia Fund if the borrowing takes place in such circumstances (if any) as are specified in the regulations.
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