Forest Practices Act 1985
4RBorrowing from Treasurer
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4R Borrowing from Treasurer
[Section 4R Inserted by No. 23 of 1999, s. 12, Applied:01 Jul 1999]
(1) [Section 4R Subsection (1) amended by No. 55 of 2004, s. 22, Applied:01 Jul 2005] The Treasurer may lend to the Authority, out of money provided by Parliament for the purpose, such money as the Treasurer considers appropriate.
(2) A loan is subject to conditions determined by the Treasurer.
(3) [Section 4R Subsection (3) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019] [Section 4R Subsection (3) amended by No. 55 of 2004, s. 22, Applied:01 Jul 2005] An amount lent under subsection (1) , and any interest or other charge payable in respect of the loan, is a debt repayable by the Authority into the Public Account.