NSWIn ForceAct
Co-operative Housing and Starr-Bowkett Societies Act 1998
56Prohibition on foreign borrowings by co-operative housing societies
Start here
Get a plain-English read of 56
Turn the raw legal text into a practical explanation grounded in Co-operative Housing and Starr-Bowkett Societies Act 1998.
#### 56 Prohibition on foreign borrowings by co-operative housing societies
56 Prohibition on foreign borrowings by co-operative housing societies
> A co-operative housing society must not—
>
> > (a) borrow money from a source outside Australia, or
>
> > (b) borrow money in a foreign currency, or
>
> > (c) borrow money by means of a loan that is repayable (whether as to principal or interest) in a foreign currency.