Commonwealth Numbered Acts

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AUSTRALIAN BICENTENNIAL AUTHORITY ACT 1980 No. 49 of 1980 - SECT 14

Borrowings by Authority
14. (1) The Authority may, with the approval of the Treasurer, borrow moneys
for the purpose of promoting its objects.

(2) The Authority may give security over the whole or any part of its assets
for the repayment of amounts borrowed under this section and the payment of
interest on amounts so borrowed.

(3) The Treasurer may, on behalf of the Commonwealth, guarantee the repayment
by the Authority of amounts borrowed under this section and the payment of
interest on amounts so borrowed.

(4) The Authority shall not borrow otherwise than in accordance with this
section. 


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