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Commonwealth Inscribed Stock (Maximum Total Face Value of Stock and Securities) Direction 2020
6Direction as to the maximum total face value of stock and securities that may be on issue
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6 Direction as to the maximum total face value of stock and securities that may be on issue
For the purposes of subsection 51JA(2) of the Act, the maximum total face value of stock and securities that may be on issue under the Act and the Loans Securities Act 1919 in relation to borrowings under section 3A of the Act and section 4 of the Loans Redemption and Conversion Act 1921 is $1,200 billion.