Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The Minister may,
with the concurrence of the Treasurer and in accordance with
subsections (2), (3) and (4), by notice to the corporation, impose
monetary limits on the exercise of the powers conferred by section 80.
(2) The monetary limit
is to be determined for the exercise of those powers in the financial year
following the commencement of this Part.
(3) That limit may be
varied for any subsequent financial year and any limit for the time being in
force may also be varied for a subsequent financial year.
(4) A limit for the
time being in force continues to apply until it is so varied.
(5) The corporation
must comply with any limit for the time being in force.
(6) A liability of the
corporation is not unenforceable or in any way affected by a failure of the
corporation to comply with this section.
(7) No person dealing
with the corporation is bound or concerned to enquire whether the corporation
has complied or is complying with this section.