Commonwealth Numbered Acts

PIG INDUSTRY ACT 1986 No. 157, 1986 - SECT 24

24. (1) Subject to sub-section (2), the Corporation may, for the purpose of
the performance of its functions-

   (a)  borrow money otherwise than by dealing with securities; or

   (b)  borrow money, or otherwise raise money, by dealing with securities.

(2) The Corporation shall not borrow or otherwise raise money exceeding a
total amount of $2,000,000 in a financial year except with the approval of the
Minister and on such terms and conditions (if any) as are specified in the
approval.

(3) A reference in this section to dealing with securities includes a
reference to-

   (a)  creating, executing, entering into, drawing, making, accepting,
        indorsing, issuing, discounting, selling, purchasing or reselling
        securities;

   (b)  creating, selling, purchasing or reselling rights or options in
        respect of securities; and

   (c)  entering into agreements or other arrangements relating to securities.
(4) In this section, "securities" includes stock, debentures, debenture stock,
notes, bonds, promissory notes, bills of exchange and similar instruments or
documents.