Australian Capital Territory Numbered Acts

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TERRITORY OWNED CORPORATIONS ACT 1990 (NO. 53 OF 1990) - SECT 31

Borrowing levy

31. (1) A Territory owned corporation or subsidiary that borrows moneys, whether from the Territory or otherwise, shall pay to the Territory such amount, or an amount calculated in such a manner, as the Treasurer determines in writing.

(2) An amount payable under this section shall be paid in such a manner, or by such instalments, as the Treasurer determines in writing.

(3) A determination under this section may be made in relation to a borrowing contract or to a class of borrowing contracts.

Profits available for payment of dividends



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