Western Australian Current Acts Western Australian Current Acts (1) The Minister may
lend money for approved purposes to a private training provider which does not
operate for the purpose of private gain by its members, provided the purposes
relate to the provision of vocational education and training.
(2) Any such loan is
to be made out of moneys borrowed by the Minister under section 17A.
(3) The terms and
conditions of any such loan, including the interest to be paid —
(a) may
be less onerous than those that might reasonably apply to such a loan made
commercially; and
(b) are
to be approved by the Treasurer.
(4) In subsection (1)
—
approved purposes means the acquisition of land,
the construction, modification and renovation of buildings and the purchase or
lease of plant and equipment, or any of those things.
[Section 17 inserted: No. 27 of 1998 s. 7.]