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LOAN ACT (No. 2) 1976 No. 7, 1976 - SECT 3
Authority to borrow.
3. The Treasurer may, from time to time during the financial year ending on 30
June 1976, in accordance with the provisions of the Commonwealth Inscribed
Stock Act 1911-1973, 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 amount that,
at the time of the borrowing, he considers to be the greatest amount by which
the moneys lawfully available, apart from this Act, 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 that Fund in that
financial year.
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