CTHRepealedAct
Australian Bicentennial Authority Act 1980
14Borrowings by Authority
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##### 14 Borrowings by Authority
(1) The Authority may, with the approval of the Treasurer, borrow moneys for the purpose of promoting its objects.
(2) The Authority may give security over the whole or any part of its assets for the repayment of amounts borrowed under this section and the payment of interest on amounts so borrowed.
(3) The Treasurer may, on behalf of the Commonwealth, guarantee the repayment by the Authority of amounts borrowed under this section and the payment of interest on amounts so borrowed.
(4) The Authority shall not borrow otherwise than in accordance with this section.