Borrowing from person other than Treasurer
47 Borrowing from person other than Treasurer
Subject to section 16 of the Tasmanian Public Finance Corporation Act 1985, the Corporation may borrow, or otherwise obtain financial accommodation, from a person other than the Treasurer for the purposes of performing its functions and achieving its objectives.
The Corporation must not borrow or otherwise obtain financial accommodation from another person under subsection (1) without the written approval of the Treasurer.
The Corporation may use all or part of its assets as security for a borrowing or financial accommodation obtained by it under subsection (1) and for any interest or charges payable in respect of that financial accommodation.
This Act’s bill:Explanatory notesSecond reading speech
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