Western Australian Current Acts

WESTERN AUSTRALIAN TREASURY CORPORATION ACT 1986 - SECT 9A

9A .         Further provision as to assumption of liabilities on behalf of State

        (1)         The Corporation may only perform the function described in section 9(1)(i) —

            (a)         with the approval of the Treasurer and in accordance with any requirement that the Treasurer may impose; and

            (b)         where appropriate, with the agreement of the person to whom the liability is owed and in accordance with the terms of that agreement.

        (2)         Where there has been an appropriation of the Consolidated Account for the principal, interest and other expenses in respect of a liability assumed by the Corporation under section 9(1)(i), the appropriation shall be taken to authorise the payment to the Corporation of the amount of that principal and interest and those other expenses for the purpose of the discharge by the Corporation of the assumed liability.

        [Section 9A inserted: No. 25 of 1998 s. 13; amended: No. 77 of 2006 s. 4.]