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ABORIGINAL AND TORRES STRAIT ISLANDER ACT 2005 - SECT 183

Borrowing for temporary purposes

  (1)   Indigenous Business Australia may, for the purpose only of meeting a temporary deficit in the money of Indigenous Business Australia, borrow money on overdraft from a bank.

  (2)   The operation of this section is subject to such limits as the Finance Minister determines as to:

  (a)   the total amount of money (other than interest) that may be owed by Indigenous Business Australia at any time as a result of borrowings under this section; and

  (b)   the periods for which money may be borrowed under this section.

  (3)   In this section:

"money of Indigenous Business" Australia does not include:

  (a)   money held in trust by Indigenous Business Australia; or

  (b)   money in the New Housing Fund.


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