Western Australian Current Acts

WESTERN AUSTRALIAN TREASURY CORPORATION ACT 1986 - SECT 10A

10A .         Borrowing limits

        (1)         The Treasurer may, by notice in writing to the Corporation —

            (a)         impose limits on the exercise of the power conferred by section 10(2)(b); and

            (b)         from time to time vary the limit in force.

        (2)         The Corporation shall comply with any limit for the time being in force but a liability of the Corporation is not unenforceable by reason of, or in any way affected by, a failure of the Corporation to do so.

        (3)         A person dealing with the Corporation is not bound or concerned to enquire whether the Corporation has complied or is complying with this section.

        [Section 10A inserted: No. 25 of 1998 s. 15.]