s 4
In forceAuthority to borrow
4 Authority to borrow
. (1) The Treasurer may, from time to time during the current financial year, borrow money that, together with any money previously borrowed under this subsection during that financial year, does not exceed the sum of:
(a)
the total of the amounts authorised to be expended after the commencement of this Act and before the end of that financial year for defence services for that financial year; and
(b)
the expenses of borrowing.
(2)
Money may be borrowed under subsection (1) in accordance with:
(a)
the Commonwealth Inscribed Stock Act 1911; or
(b)
an Act authorising the issue of Treasury Bills
and not otherwise.
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