129APower of Nominal Insurer to borrow money

### 129A Power of Nominal Insurer to borrow money > [*\[Section 129A Inserted by No. 48 of 2001, s. 8, Applied:01 Aug 2001\]*](/view/html/inforce/2001-08-01/act-2001-048#GS8@EN) [*\[Section 129A Substituted by No. 11 of 2002, s. 5, Applied:01 Jan 2002\]*](/view/html/inforce/2002-01-01/act-2002-011#GS5@EN) If at any time – > > > > (a) the amount in the Special Account established by the Nominal Insurer under [section 127B](#GS127B@EN) in respect of an insolvent licensed insurer is insufficient to meet payments required by this Act to be paid from the Special Account; or > > > > > (b) the amount in a separate account established by the Nominal Insurer under [section 131D(8)](#GS131D@Gs8@EN) in respect of an act of terrorism, specified in an order under [section 131B(1)(b)](#GS131B@Gs1@Hpb@EN) , is insufficient to meet payments required by this Act to be paid from that account – > > > > the Nominal Insurer may – > > > > > (c) borrow money, from sources and on terms and conditions approved by the Treasurer, to be paid into the Special Account or the separate account, as the case may require; and > > > > > (d) enter into such other arrangements as may be approved by the Treasurer.