Tasmanian Consolidated Acts Tasmanian Consolidated Acts
(1) The Treasurer may pay, by way of loan, to the Association of Employers of Waterside Labour such amount as he may determine, not exceeding $40 000, for the purpose of enabling that Association to meet the payments required by it under this Act.
(2) The amount paid by the Treasurer under subsection (1) shall be paid out of the Consolidated Revenue Fund and the amount paid is accordingly, by virtue of this subsection, appropriated to the extent necessary.
(3) The amount paid by the Treasurer under subsection (1) shall be repaid by the Association of Employers of Waterside Labour, together with interest, within a period of 5 years after the date on which the payment is made and shall be subject to such terms and conditions, including the rate of interest payable in respect of the loan and the manner in which the principal and interest shall be repaid, as the Treasurer thinks fit.