60Borrowing etc.

##### 60 Borrowing etc. (1) Subject to subsection (2), the Organisation may borrow money. (2) Except with the written approval of the Minister, the Organisation may not borrow money if the total amount previously borrowed by the Organisation without the approval of the Minister, or that amount together with the amount that the Organisation proposes to borrow, exceeds $15,000,000. (3) An approval may be given in relation to a particular transaction or a class of transactions. (4) A borrowing under an approval must be on terms and conditions specified in, or consistent with, the approval. (5) Subject to subsection (4), a borrowing may be made, in whole or in part, in a currency other than Australian currency. (6) The Organisation may give security over the whole or any part of its assets for the repayment of money borrowed in accordance with this section and the payment of money (including interest) that the Organisation is liable to pay in respect of such a borrowing. (7) The Organisation may not borrow except in accordance with this section. (8) A reference in this section to the borrowing of money includes a reference to the borrowing or raising of money by dealing with securities. (9) The reference in subsection (8) to dealing with securities includes a reference to: (a) creating, executing, entering into, drawing, making, accepting, endorsing, issuing, discounting, selling, purchasing or reselling securities; and (b) creating, selling, purchasing or reselling rights or options in respect of securities; and (c) entering into agreements or other arrangements relating to securities.