CONSTRUCTION INDUSTRY LONG SERVICE LEAVE ACT 1987 - SECT 23

CONSTRUCTION INDUSTRY LONG SERVICE LEAVE ACT 1987 - SECT 23

23—Borrowing by the Board

        (1)         The Board may, for the purposes of the Fund, borrow money from the Treasurer or, with the approval of the Treasurer, from any other person.

        (2)         A liability incurred with the approval of the Treasurer under subsection (1) is guaranteed by the Treasurer.

        (3)         A liability incurred by the Treasurer under a guarantee arising by virtue of subsection (2) will be satisfied out of the General Revenue of the State (which is appropriated to the necessary extent).