Commonwealth Numbered Acts

CANNED FRUITS MARKETING ACT 1979 No. 160 of 1979 - SECT 45

45. (1) The Corporation may, with the approval of the Treasurer-

   (a)  borrow moneys for the purpose of the performance of its functions or
        the exercise of its powers under this Act or a State Act; and

   (b)  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.

(2) The Treasurer may, on behalf of the Commonwealth, guarantee the repayment
of amounts borrowed under this section and the payment of interest on amounts
so borrowed.

(3) The Corporation shall not borrow moneys except in accordance with this
section.