reg 19
In forceLoans, borrowings etc require approval
Part 3Distribution Lessor Corporation
Division 3Financial and related matters
19 Loans, borrowings etc require approval
(1)
The subsidiary must not lend or advance to any person any money, securities or property without the approval of the
Treasurer.
(2)
The subsidiary must not borrow money or obtain any other form of financial accommodation unless authorised to do so by the
Treasurer.
(3)
The subsidiary may only, unless authorised otherwise by the
Treasurer, deposit or invest money under its control with the Treasurer or
SAFA.
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