Western Australian Consolidated Acts

LOANS (CO-OPERATIVE COMPANIES) ACT 2004 - SECT 6

6 .         Power to borrow money for the purposes of this Act

        (1)         The Minister may, if the Treasurer approves, borrow sums of money from the Western Australian Treasury Corporation for the purposes of this Act.

        (2)         All sums borrowed under subsection (1) are to be credited to the Consolidated Account and transferred to the Co-operative Companies Loans Account.

        (3)         The Consolidated Account is appropriated to the extent necessary for the purposes of subsection (2).

        [Section 6 amended by No. 77 of 2006 s. 4 and 17.]