New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 6.8

6.8 Borrowings

(1) A
"borrowing" is receiving money, property or other value with an obligation to repay (regardless of whether or not the repayment is of the same kind or same amount as what is received). It includes (without limitation) each of the following--

(a) the issue of debentures, bonds or stock by any means or by discounted securities, promissory notes or any other security (not including equity shares),

(b) the raising of money as consideration for an entity's assumption of any liability,

(c) the entering into of any other arrangement (or arrangement of a kind) prescribed by the regulations as a borrowing.

(2) However, a
"borrowing" does not include any arrangement (or arrangement of a kind) prescribed by the regulations not to be a borrowing.