Queensland Consolidated Acts

HOSPITAL FOUNDATIONS ACT 2018 - SECT 17

17 Particular powers

(1) A foundation’s banking powers are limited to the powers under the Statutory Bodies Financial Arrangements Act 1982 , part 4 .

(2) A foundation’s borrowing powers are limited to the powers under the Statutory Bodies Financial Arrangements Act 1982 , part 5 .

Note—

Under the Statutory Bodies Financial Arrangements Act 1982 , a foundation may, with the approval of the Minister administering that Act, under part 9 of that Act, operate an account with an overdraft facility or borrow.