Qantas Airways Limited (Loan Guarantee) Act 1988
1Qantas Airways Limited (Loan Guarantee) Act 1988
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Qantas Airways Limited (Loan Guarantee) Act 1988
No. 84 of 1988
An Act relating to the provision of certain equipment for Qantas Airways Limited
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Qantas Airways Limited (Loan Guarantee) Act 1988
No. 84 of 1988
An Act relating to the provision of certain equipment for Qantas Airways Limited
[Assented to 31 October 1988]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Qantas Airways Limited (Loan Guarantee) Act 1988.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Interpretation
(1) In this Act:
borrow includes borrow, or otherwise raise money, by dealing in securities.
(2) For the purposes of this Act, the obtaining of credit shall be taken to be a borrowing of an amount equal to the value of the credit obtained.
4 Guarantee of certain loans
(1) The Treasurer may, on behalf of the Commonwealth, and subject to the conditions required by this Act, guarantee:
(a) the payment by Qantas Airways Limited of amounts that Qantas Airways Limited is liable to pay with respect to so much of the money borrowed by it as does not exceed the total expenditure that, to the satisfaction of the Treasurer:
(i) will be, or has been, incurred by Qantas Airways Limited in connection with the purchase by it of 3 Boeing 767-300 Extended Range aircraft and related spare parts and equipment; and