Commonwealth Numbered Acts

LOAN ACT 1995 No. 48 of 1995 - SECT 6

6.(1) The Treasurer may, from time to time during the current financial year,
borrow money that, together with any money previously borrowed under this
subsection during that financial year, does not exceed the sum of:

   (a)  the amount that, at the time of borrowing, the Treasurer considers to
        be the amount by which, apart from this Part, money received, and to
        be received, in the Consolidated Revenue Fund in that financial year
        is likely to be less than the amount of the expenditure made, and to
        be made, from the Consolidated Revenue Fund in that financial year;
        and

   (b)  the amount that, at that time, the Treasurer considers will be the
        expenses of borrowing.

(2) Money may be borrowed under subsection (1) in accordance with:

   (a)  the Commonwealth Inscribed Stock Act 1911; or

   (b)  the Loans Securities Act 1919; or

   (c)  an Act authorising the issue of Treasury Bills; and not otherwise.