Borrowing from person other than Treasurer
30 Borrowing from person other than Treasurer
Homes Tasmania may – borrow money from the Tasmanian Public Finance Corporation; and with the approval of the Treasurer, borrow money from a person other than the Treasurer or the Tasmanian Public Finance Corporation – for the purposes of performing the functions and exercising the powers of Homes Tasmania under this Act.
The total of all amounts of money borrowed under this section during a financial year is not to exceed the maximum amount determined by the Treasurer, in writing, in respect of that financial year.
Homes Tasmania may use all or part of its assets as security for – money borrowed under subsection (1); and any interest or charges payable in respect of that borrowing.
This Act’s bill:Explanatory notesSecond reading speech
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