Western Australian Current Acts

GOVERNMENT TRADING ENTERPRISES ACT 2023 - SECT 132

132 .         Borrowing powers

        (1)         A GTE may, subject to section 133 —

            (a)         borrow money; or

            (b)         otherwise arrange for financial accommodation to be extended to the GTE.

        (2)         A GTE may exercise the powers conferred by subsection (1) by borrowing from or otherwise arranging for financial accommodation to be extended by —

            (a)         the Western Australian Treasury Corporation; or

            (b)         the Treasurer; or

            (c)         with the approval of the Treasurer, and on terms and conditions (including conditions as to repayment and payment of interest) approved by the Treasurer, any other person.

        (3)         A GTE must keep any registers prescribed by the regulations for the purposes of this section.