Western Australian Current Acts Western Australian Current Acts (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).]