Western Australian Current Acts

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WESTERN AUSTRALIAN TREASURY CORPORATION ACT 1986 - SECT 14

14 .         Disposal of moneys borrowed by Corporation

        (1)         When the Corporation receives moneys borrowed by it under this Part, it shall as soon as is practicable credit those moneys to the Account.

        (2)         The Corporation may lend in such manner and on such terms and conditions as it thinks fit any of the moneys credited to the Account —

            (a)         to an authority or authorities; or

            (b)         so as to enable the exercise of a power to borrow moneys from the Corporation conferred by a written law.

        (3)         The Corporation may require a borrower of moneys lent under subsection (2) to furnish such security in such manner and in such form and on such terms and conditions as the Corporation thinks fit to secure the repayment of the moneys borrowed, the payment of interest on those moneys and the payment of —

            (a)         such fees as are required to be paid under that subsection; and

            (b)         any other moneys payable,

                in connection with that borrowing.

        [Section 14 amended: No. 24 of 1992 s. 9; No. 25 of 1998 s. 17; No. 74 of 2003 s. 132(3).]



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