47Borrowing from person other than Treasurer

47 Borrowing from person other than Treasurer

(1)  Subject to section 16 of the Tasmanian Public Finance Corporation Act 1985 , a Government Business Enterprise may borrow, or otherwise obtain financial accommodation, from a person other than the Treasurer for the purposes of performing its functions and achieving its objectives.

(2)  A Government Business Enterprise may use all or part of its assets as security for a borrowing or financial accommodation obtained by it under subsection (1) and any interest or charges payable in respect of that financial accommodation.

(3)  [Section 47 Subsection (3) omitted by No. 22 of 2023, s. 15, Applied:01 Jul 2023] .  .  .  .  .  .  .  .  

(4)  [Section 47 Subsection (4) omitted by No. 22 of 2023, s. 15, Applied:01 Jul 2023] .  .  .  .  .  .  .  .  

(5)  [Section 47 Subsection (5) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019] [Section 47 Subsection (5) omitted by No. 22 of 2023, s. 15, Applied:01 Jul 2023] .  .  .  .  .  .  .  .  

(6)  [Section 47 Subsection (6) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019] [Section 47 Subsection (6) omitted by No. 22 of 2023, s. 15, Applied:01 Jul 2023] .  .  .  .  .  .  .  .  

(7)  [Section 47 Subsection (7) omitted by No. 22 of 2023, s. 15, Applied:01 Jul 2023] .  .  .  .  .  .  .  .