Commonwealth Numbered Acts

TELECOMMUNICATIONS AMENDMENT ACT 1976 No. 94, 1976 - SECT 3

3. Section 72 of the Principal Act is amended-

(a) by omitting from sub-sections (2) and (4) the word ''Australia''
(wherever occurring) and substituting the words ''the Commonwealth'';

   (b)  by inserting after sub-section (3) the following sub-section:-

''(3A) Without limiting the generality of sub-sections (1) and (3), a
borrowing by the Commission under sub-section (1) may be by the issue of
securities of such kinds as are prescribed.''; and

   (c)  by inserting after sub-section (4) the following sub-section:-

''(4A) Where the Commission borrows moneys under this section by the issue of
prescribed securities, the repayment by the Commission of the amounts borrowed
and the payment of interest on those amounts is, by force of this sub-section,
guaranteed by the Commonwealth.''.