Commonwealth Numbered Acts

ABORIGINAL DEVELOPMENT COMMISSION ACT 1980 No. 34 of 1980 - SECT 38

38. (1) The Commission may, with the approval of the Treasurer, borrow moneys
that are from time to time necessary for the exercise of its powers or the
performance of its functions under this Act.

(2) The Minister for Finance may, on behalf of the Commonwealth, out of moneys
appropriated by the Parliament for the purpose, lend to the Commission, at
such rate of interest and on such other terms and conditions as he determines,
moneys that the Commission is authorized to borrow under sub- section (1).

(3) The Commission may give security over the whole or any part of its assets
for the repayment of amounts borrowed under this section and the payment of
interest on amounts so borrowed.

(4) The Treasurer may, on behalf of the Commonwealth, guarantee the repayment
by the Commission of amounts borrowed under this section otherwise than from
the Commonwealth and the payment of interest on amounts so borrowed.

(5) The Commission shall not borrow moneys except in accordance with this
section.