21ABorrowing by corporate Commonwealth entities

21A Borrowing by corporate Commonwealth entities

Guide to this section

The purpose of this section is to authorise borrowing of money by a corporate Commonwealth entity.

This section is made for paragraph 57(1)(c) of the Act.

A borrowing of money by a corporate Commonwealth entity is authorised if: (a) the borrowing is the obtaining of credit by way of credit card, credit voucher or similar credit facility; and (b) the agreement for the borrowing requires the amount borrowed to be repaid by the entity within 90 days.