Commonwealth Numbered Acts

ABORIGINAL DEVELOPMENT COMMISSION ACT 1980 No. 34 of 1980 - SECT 30

30. (1) Where the Commission is satisfied that a loan to be made by an
Aboriginal body, or a bank, credit union or other lending institution-

   (a)  will be for a purpose specified in sub-section 24 (1); or

   (b)  is a loan that could be made by the Commission under sub-section 25
        (1), the Commission may guarantee the due payment of all moneys
        (including interest) payable by the borrower in accordance with the
        terms and conditions of the loan.

(2) The operation of this section is subject to such limits as the Treasurer
determines as to the total amount of moneys (other than interest) the payment
of which may at any time be the subject of guarantees under this section.