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]

(1)  [Section 4S Subsection (1) amended by No. 55 of 2004, s. 23, Applied:01 Jul 2005] 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] The Authority may use all or part of its assets as security for money borrowed by it under subsection (1) 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] [Section 4S Subsection (4) amended by No. 55 of 2004, s. 23, Applied:01 Jul 2005] [Section 4S Subsection (4) amended by No. 55 of 2004, s. 23, Applied:01 Jul 2005] [Section 4S Subsection (4) omitted by No. 22 of 2023, s. 13, Applied:01 Jul 2023] .  .  .  .  .  .  .  .  

(5)  [Section 4S Subsection (5) omitted by No. 22 of 2023, s. 13, Applied:01 Jul 2023] .  .  .  .  .  .  .  .  

(6)  [Section 4S Subsection (6) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019] [Section 4S Subsection (6) omitted by No. 22 of 2023, s. 13, Applied:01 Jul 2023] .  .  .  .  .  .  .  .  

(7)  .  .  .  .  .  .  .  .