Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

LOAN ACT 1984 No. 94, 1984 - SECT 3

Authority to borrow
3. The Treasurer may, from time to time during the financial year ending on 30
June 1985, in accordance with the provisions of the Commonwealth Inscribed 
Stock Act 1911 or 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 total of the amounts authorized to be expended, after the
        commencement of this Act and before the end of that financial year,
        for
services specified under the headings "DEPARTMENT OF DEFENCE" and "DEPARTMENT
OF DEFENCE SUPPORT" in-

        (i)    the Supply Act (No. 1) 1984-85; and

        (ii)   each other Act, whether passed before or after the commencement
               of this Act, appropriating the Consolidated Revenue Fund for
               the service of that financial year, being an Act that is
               expressed to have effect subject to this Act; and

   (b)  the expenses of borrowing. 


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback