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TT-Line Arrangements Act 1993
16Borrowing from Treasurer
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16 Borrowing from Treasurer
(1) The Treasurer may lend to the Company and its subsidiaries, out of money provided by Parliament for the purpose, such money as the Treasurer considers appropriate.
(2) A loan is subject to the conditions determined by the Treasurer.
(3) [Section 16 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 a subsidiary into the Public Account.