Commonwealth Numbered Acts

AUSTRALIAN NATIONAL RAILWAYS COMMISSION ACT 1983 No. 140 of 1983 - SECT 54

54. (1) The capital of the Commission at any time is the aggregate of -

   (a)  $323,231,000;

   (b)  the value, at the date of becoming vested in the Commission, of
        rights,
property or assets that become vested in the Commission, being that
value as determined by the Minister for Finance, or so much of that
value as is determined by the Minister for Finance; and

   (c)  amounts paid to the Commission by the Minister for Finance out of
moneys appropriated by the Parliament for the purpose of providing
further capital for the Commission, less the aggregate of -

   (d)  amounts paid by the Commission for rights, property and assets of a
kind referred to in paragraph (b); and

   (e)  amounts of capital repaid to the Commonwealth by the Commission.

(2) If, by virtue of a determination under paragraph (1) (b), part of the
value of rights, property or assets of a kind referred to in that paragraph
does not constitute part of the capital of the Commission, that part of the
value shall be deemed to be a loan by the Commonwealth to the Commission on
such terms and conditions as to interest and otherwise as are determined by
the Minister for Finance.

(3) Interest is not payable to the Commonwealth on the capital of the
Commission, but the capital of the Commission is repayable to the Commonwealth
at such times, and in such amounts, as the Minister determines.

(4) In making a determination under sub-section (3), the Minister shall have
regard to any advice that the Commission has given to him in relation to its
financial affairs.

(5) A determination under this section shall be made by instrument in writing.