HOUSING ACT 2003 - SECT 13 Power to make loans and investments

HOUSING ACT 2003 - SECT 13

13 Power to make loans and investments

(1) The chief executive may make loans and investments, and pay amounts out of a departmental financial-institution account of the department to make a loan or investment, to achieve the objects of this Act.

(2) Subsection (1) applies despite the Financial Accountability Act 2009 , section 87 .

(3) Subject to other laws, the chief executive may set interest rates for the loans in the way the chief executive considers appropriate.