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New South Wales act
What is this? This is a very old New South Wales law from 1902 that deals with the government's ability to borrow money (take out public loans). It falls under the responsibility of the NSW Treasurer.
Who does it affect? Primarily the NSW Government and its financial operations. Ordinary members of the public are unlikely to be directly affected in their day-to-day lives.
Why does it matter? It establishes a legal framework for how the NSW Government can raise borrowed funds — for example, by issuing bonds (a type of financial instrument where investors lend money to the government in exchange for interest payments). This kind of law underpins major government spending on infrastructure and public services.
Key things to know:
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Direct links to the current provisions in Public Loans Act 1902.
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View on official registerSourced from legislation.nsw.gov.au, CC BY 4.0.