Public Governance, Performance and Accountability Rule 2014
CHAPTER 2
-
COMMONWEALTH ENTITIES AND THE COMMONWEALTH
PART 2-4
-
USE AND MANAGEMENT OF PUBLIC RESOURCES
Division 3
-
Borrowing
SECTION 21A
21A
BORROWING BY CORPORATE COMMONWEALTH ENTITIES
A borrowing of money by a corporate Commonwealth entity is authorised if: (a) the borrowing is the obtaining of credit by way of credit card, credit voucher or similar credit facility; and (b) the agreement for the borrowing requires the amount borrowed to be repaid by the entity within 90 days.
Guide to this section
The purpose of this section is to authorise borrowing of money by a corporate Commonwealth entity.
This section is made for paragraph 57(1)(c) of the Act.
A borrowing of money by a corporate Commonwealth entity is authorised if: (a) the borrowing is the obtaining of credit by way of credit card, credit voucher or similar credit facility; and (b) the agreement for the borrowing requires the amount borrowed to be repaid by the entity within 90 days.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.