s 5
In forceIssue of securities
5 Issue of securities
(1)
To the extent that the Bank or another body is prepared to accept promissory notes or other securities issued by Australia in place of any payment that Australia is required to make to the Bank or other body in accordance with a relevant financial obligation, the Treasurer may make and issue those securities.
(2)
A security issued under subsection (1) is to be:
(a)
non‑negotiable; and
(b)
non‑interest bearing; and
(c)
payable to the Bank or other body at its par value on demand.
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