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Port Companies Act 1997
17Loan from Treasurer
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17 Loan from Treasurer
(1) The Treasurer may lend to a company or any of its subsidiaries, out of money provided by Parliament for the purpose, any money the Treasurer considers appropriate.
(2) A loan is subject to any conditions the Treasurer determines.
(3) [Section 17 Subsection (3) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019] An amount lent under subsection (1) and any interest or other charge payable in respect of the loan is a debt repayable by the company or subsidiary into the Public Account.