Commonwealth Numbered Acts

AGRICULTURAL AND VETERINARY CHEMICALS (ADMINISTRATION) ACT 1992 No. 262 of 1992 - SECT 63

63.(1) Subject to subsection (2), the NRA may borrow money for the performance
of its functions.

(2) Except with the written approval of the Treasurer, the NRA must not borrow
money if, as a result of the borrowing, the total amount borrowed by the NRA
at any time would exceed $500,000.

(3) An approval may be given in relation to a particular transaction or a
class of transactions.

(4) A borrowing of money under an approval must be on such terms and
conditions as are specified in, or are consistent with, the approval.

(5) Money may be borrowed wholly or partly in foreign currency.