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Co-operative Housing and Starr-Bowkett Societies Act 1998
56Prohibition on foreign borrowings by co-operative housing societies
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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.