CTHRepealedAct
Federal Airports Corporation Act 1986
48Borrowings otherwise than from Commonwealth
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##### 48 Borrowings otherwise than from Commonwealth
(1) The Corporation may:
(a) borrow money otherwise than from the Commonwealth; or
(b) raise money otherwise than by borrowing.
(2) Without limiting the generality of subsection (1), the Corporation may, under that subsection, borrow money, or raise money otherwise than by borrowing, by dealing with securities.
(3) A borrowing of money, or a raising of money otherwise than by borrowing, under subsection (1) may be made, in whole or in part, in a currency other than Australian currency.
(6) For the purposes of this section:
(a) the issue by the Corporation of an instrument acknowledging a debt in consideration of:
(i) the payment or deposit of money; or
(ii) the provision of credit;
otherwise than in relation to a transaction that is in the ordinary course of the day‑to‑day operations of the Corporation shall be deemed to be a raising by the Corporation, otherwise than by borrowing, of an amount of money equal to the amount of the money paid or deposited or the value of the credit provided, as the case may be; and
(b) the obtaining of credit by the Corporation otherwise than in relation to a transaction that is in the ordinary course of the day‑to‑day operations of the Corporation shall be deemed to be a raising by the Corporation, otherwise than by borrowing, of an amount of money equal to the value of the credit so obtained.