Commonwealth Numbered Acts

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LOAN ACT 1983 No. 3, 1983 - SECT 5

Authority to borrow
5. The Treasurer may, from time to time during the financial year ending on 30
June 1983, in accordance with the provisions of the Commonwealth Inscribed 
Stock Act 1911 , or in accordance with the provisions of an Act authorizing
the issue of Treasury Bills, borrow moneys that, together with any moneys
previously borrowed under this section, do not exceed the sum of -

   (a)  the amount that, at the time of the borrowing, he considers to be the
greatest amount by which the moneys lawfully available, apart from
this Part, for expenditure from the Consolidated Revenue Fund in that
financial year are likely to be less than the amount of the expenditure
made, and to be made, from the Consolidated Revenue Fund in that
financial year; and

   (b)  the amount that, at that time, he considers will be the expenses of
        the
borrowing. 


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