77Commonwealth may pay the FAC an amount to enable the FAC to discharge or extinguish its liability under a borrowing transaction

77 Commonwealth may pay the FAC an amount to enable the FAC to discharge or extinguish its liability under a borrowing transaction

(1) The Finance Minister may, determine in writing that there is to be paid to the FAC, at a specified time, a specified amount. (2) The determination has effect accordingly. (3) The amount is payable to the FAC subject to a condition that the amount is to be used by the FAC to discharge or extinguish the FAC’s liability under a borrowing transaction specified in the determination.

Note: A borrowing transaction may be specified by name, by inclusion in a specified class or in any other way.