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  

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.


 

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