5
CurrentFinancial accommodation by way of overdraft in Australia
Part 2Borrowing powers
Division 2Financial accommodation
5 Financial accommodation by way of overdraft in Australia
An authority to which this section applies may, with the approval of the Treasurer, obtain a financial benefit or assistance to obtain a financial benefit by way of overdraft of account at any authorised deposit-taking institution or other financial institution in Australia.
S. 6 amended by Nos 64/1991 s. 10(b), 99/1993 s. 7(b), repealed by No. 100/1995 s. 6.
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S. 7 amended by No. 99/1993 s. 7(c), repealed by No. 100/1995 s. 6.
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S. 8 amended by Nos 78/1988 s. 4(b), 64/1991 s. 10(a), 99/1993 s. 7(d), substituted by No. 100/1995 s. 6.
This Act’s bill:Second reading speech
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