4SBorrowing from person other than Treasurer

### 4S Borrowing from person other than Treasurer > [*\[Section 4S Inserted by No. 23 of 1999, s. 12, Applied:01 Jul 1999\]*](/view/html/inforce/1999-07-01/act-1999-023#GS12@EN) > > > (1)  [*\[Section 4S Subsection (1) amended by No. 55 of 2004, s. 23, Applied:01 Jul 2005\]*](/view/html/inforce/2005-07-01/act-2004-055#GS23@Hpa@EN) The Authority may borrow money from a person or body other than the Treasurer for the purposes of performing its functions and achieving its objectives. > > > (2)  The total of all amounts of money borrowed under this section during a financial year must not exceed the maximum amount determined by the Treasurer, in writing, in respect of that financial year. > > > (3)  [*\[Section 4S Subsection (3) amended by No. 55 of 2004, s. 23, Applied:01 Jul 2005\]*](/view/html/inforce/2005-07-01/act-2004-055#GS23@Hpb@EN) The Authority may use all or part of its assets as security for money borrowed by it under [subsection (1)](#GS4S@Gs1@EN) and any interest or charges payable in respect of that borrowing. > > > (4)  [*\[Section 4S Subsection (4) amended by No. 55 of 2004, s. 23, Applied:01 Jul 2005\]*](/view/html/inforce/2005-07-01/act-2004-055#GS23@Hpd@EN) [*\[Section 4S Subsection (4) amended by No. 55 of 2004, s. 23, Applied:01 Jul 2005\]*](/view/html/inforce/2005-07-01/act-2004-055#GS23@Hpc@EN) [*\[Section 4S Subsection (4) amended by No. 55 of 2004, s. 23, Applied:01 Jul 2005\]*](/view/html/inforce/2005-07-01/act-2004-055#GS23@Hpe@EN) [*\[Section 4S Subsection (4) omitted by No. 22 of 2023, s. 13, Applied:01 Jul 2023\]*](/view/html/inforce/2023-07-01/act-2023-022#GS13@EN) .  .  .  .  .  .  .  .   > > > (5)  [*\[Section 4S Subsection (5) omitted by No. 22 of 2023, s. 13, Applied:01 Jul 2023\]*](/view/html/inforce/2023-07-01/act-2023-022#GS13@EN) .  .  .  .  .  .  .  .   > > > (6)  [*\[Section 4S Subsection (6) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019\]*](/view/html/inforce/2019-07-01/act-2017-004#JS1@Ja42@GC2@Hpa@EN) [*\[Section 4S Subsection (6) omitted by No. 22 of 2023, s. 13, Applied:01 Jul 2023\]*](/view/html/inforce/2023-07-01/act-2023-022#GS13@EN) .  .  .  .  .  .  .  .   > > > (7)  [*\[Section 4S Subsection (7) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019\]*](/view/html/inforce/2019-07-01/act-2017-004#JS1@Ja42@GC2@Hpb@EN) [*\[Section 4S Subsection (7) amended by No. 55 of 2004, s. 23, Applied:01 Jul 2005\]*](/view/html/inforce/2005-07-01/act-2004-055#GS23@Hpf@EN) [*\[Section 4S Subsection (7) omitted by No. 22 of 2023, s. 13, Applied:01 Jul 2023\]*](/view/html/inforce/2023-07-01/act-2023-022#GS13@EN) .  .  .  .  .  .  .  .